B. Dr. Vichard is interested in buying ordinary shares of Open Book Ltd. Based on information available
Fantastic news! We've Found the answer you've been seeking!
Question:
B. Dr. Vichard is interested in buying ordinary shares of Open Book Ltd. Based on information available to him; he estimates that the company will pay the following dividends in the next five years. He also estimates that at the end of fifth year, he will be able to sell the shares at Rs. 40. What is the maximum price he would pay today if his rate of return for this kind of risk is 12%?
Related Book For
Data Analysis and Decision Making
ISBN: 978-0538476126
4th edition
Authors: Christian Albright, Wayne Winston, Christopher Zappe
Posted Date: