Kanga Pharmaceuticals has issued a stock with an annual dividend of $3.50 that is expected to grow at a rate of 3% per a

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answerhappygod
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Kanga Pharmaceuticals has issued a stock with an annual dividend of $3.50 that is expected to grow at a rate of 3% per a

Post by answerhappygod »

Kanga Pharmaceuticals has issued a stock with an annual dividend
of $3.50 that is expected to grow at a rate of 3% per annum. At a
discount rate of 14% the stock will sell at a price of: a. $3.50 b.
$25.00 c. $31.82 d. $30.00
Please show working out.
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