Zhou Technology pays $1.50 a year in dividends, which is expected to remain unchanged Investors require a

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Zhou Technology pays $1.50 a year in dividends, which is expected to remain unchanged Investors require a 15 percent rate of return on this stock. What is the expected price?

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Investments Analysis and Management

ISBN: 978-1118363294

12th edition

Authors: Charles P. Jones

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Question Posted: Dec 15, 2015 06:14 AM

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Zhou Technology pays $1.50 a year in dividends, which is expected to remain unchanged Investors require a 15 percent rate of return on this stock. What is the estimated price?
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