Carsley Plc currently paid $2.50 dividend per share. Next years dividend is expected to be...
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Carsley Plc currently paid $2.50 dividend per share. Next years dividend is expected to be $3 per share. After next year, dividends are expected to increase at a 9 percent annual rate for three years and a 6 percent annual rate thereafter. Calculate the current value of a share of Carsleys stock to an investor who requires a 15 percent return on his or her investment. (10 marks)
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