Question: Please answer the following question correctly. Don't answer the question if you don't know the answer. QUESTION: Mr Salman is a stock trader and he

Please answer the following question correctly. Don't answer the question if you don't know the answer. QUESTION:

Mr Salman is a stock trader and he buy stocks that pays him high returns. Recently he bought a stock that pay $6 as a dividend per share. The company has promised to increase the dividend by 8% in each of next three years. Company has also forecasted that the stock will reach the buying price of Rs 94 per share in three years. If the investors required return is 12%.

Calculate the following.

(A) Dividend yield

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