As the financial director of a listed company, you calculate the value of one of...
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Accounting
As the financial director of a listed company, you calculate the value of one of your existing ordinary shares. When your most recent dividend was $3.00, your dividend is expected to steadily grow at 5% per annum into the future, and your investors require a 10% rate of return from your companys shares, as
a. $63
b. $60
c. $36
d. $72
e. $48
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