Question

Ashok wants to buy Watchful Company’s stock and hold on it for five years. He estimates that Rs.3.44 dividend would be paid by the company continuously for the next five years. He hopes to sell the shares at Rs. 60 at the end of the fifth year, What is the present price? His required rate of return is 10%.

Answer 1

Answer:

paid by the company continuously for the next five years. He hopes to sell the shares at Rs. 60 at the end of the fifth year, What is the present price? His required rate of