# For the next three years, the annual dividends of a stock are expected to be 2.00, 2.10,

## Question:

For the next three years, the annual dividends of a stock are expected to be €2.00,

€2.10, and €2.20. The stock price is expected to be h20.00 at the end of three years. If the required rate of return on the shares is 10 percent, what is the estimated value of a share?

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**Related Book For**

## Investments Principles Of Portfolio And Equity Analysis

**ISBN:** 9780470915806

1st Edition

**Authors:** Michael McMillan, Jerald E. Pinto, Wendy L. Pirie, Gerhard Van De Venter, Lawrence E. Kochard