Assume that the Royal Bank shares in Table 9.3 will pay a $3.50 per share dividend in
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Assume that the Royal Bank shares in Table 9.3 will pay a $3.50 per share dividend in 2016. What would the share price have needed to be at the end of 2016 for a total rate of return in 2016 of 10%?
Table 9.3
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Share price ($) at the end of: Dividends ($) paid in: Company name 2013 2014 2015 2014 2015 Royal Bank 71.41 80.24 74.15 2.85 3.08 WestJet Airlines 27.85 33.36 20.36 0.48 0.56 Rogers Communications Suncor Energy 48.07 45.17 47.72 1.83 1.44 37.24 36.90 35.72 1.02 0.86 Cineplex Inc. 44.06 44.83 48.22 1.48 2.04
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Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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