Question: Please Show formula and solve using excel You buy a share of Microdrive for $73.21 per share. You expect it to pay dividends of $4.50,
Please Show formula and solve using excel You buy a share of Microdrive for $73.21 per share. You expect it to pay dividends of $4.50, $4.905 and $5.3465 in years 1, 2 and 3 respectively. You expect to sell the investment in 3 years for $94.81. a. Calculate the growth rate in dividends b. Calculate the expected dividend yield c. What is the stock's total expected rate of return? (Assume the market is in equilibrium with the required return equal to the expected return.)
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