34.06 GCC Stock latest dividend of AED 2.25 a share was paid yesterday. You plan to purchase the stock today because you believe the dividend shall grow @ 0.10 annually for next FOUR years, and...


34.06<br>GCC Stock latest dividend of AED 2.25 a share was paid yesterday. You plan to purchase<br>the stock today because you believe the dividend shall grow @ 0.10 annually for next<br>FOUR years, and selling price of the stock will be $43.1 per share at the end of that<br>time. What will be price of stock at the end of year-3, assuming that the 10% growth<br>rate can be maintained indefinitely and you require a 0.16 return?<br>ANSWER FORMAT: 1234.56; Please write in decimal and do not convert in %<br>Answer:<br>

Extracted text: 34.06 GCC Stock latest dividend of AED 2.25 a share was paid yesterday. You plan to purchase the stock today because you believe the dividend shall grow @ 0.10 annually for next FOUR years, and selling price of the stock will be $43.1 per share at the end of that time. What will be price of stock at the end of year-3, assuming that the 10% growth rate can be maintained indefinitely and you require a 0.16 return? ANSWER FORMAT: 1234.56; Please write in decimal and do not convert in % Answer:

Jun 10, 2022
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