Assume the growth of rate dividend payment of a stock is constant at 8%. The...
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Finance
Assume the growth of rate dividend payment of a stock is constant at 8%. The stock currently pays 5.00 per share and its required rate of return is 14%. And the risk free rate of return is 6%. Assume you have 50,000 in your bank account that you are contemplating to invest into this stock. What would be your total rate of return in three years from this stock? Show all your computations. Use formulas for computations; Dont use excel
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