Question 1 The Fijians holdings limited last dividend was $1.25 and the directors expect to maintain the
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Question 1
The Fijians holdings limited last dividend was $1.25 and the directors expect to maintain the historic 4
percent annual rate of growth .You plan to purchase
the stock today because you feel that the growth
rate will increase to 7 percent for the next three years and the stock will then reach $25.00 per share.
1.
How much should you be willing to pay for the stock if you require a 16 percent return
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