Question
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NYC's current cum dividend share price is £3.45 and the company...
NYC's current cum dividend share price is £3.45 and the company has just announced a dividend per share of 20p. At what rate do investors expect dividends to grow in the future if the current share price is considered to be fair and shareholders require a rate of return of 15 per cent?
(a) 8.33%
(b) 3.25%
(c) 4.56%
(d) 7.67%
Answer & Explanation
Solved by verified expertAnswered by ZubairSaleem001 on coursehero.com
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