Question: d. Hanif Corporation paid dividend of RM2.50 per share last year. The company's current stock price is RM80. If dividends are expected to grow at

d. Hanif Corporation paid dividend of RM2.50 per share last year.

d. Hanif Corporation paid dividend of RM2.50 per share last year. The company's current stock price is RM80. If dividends are expected to grow at a 8% constant rate and the required rate of return is 10%. what will be the company's stock price at year 8? (4 marks)

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