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Business, 16.01.2021 22:00 alexusnicole817

Nampundwe Mining Company has just paid a dividend of K1.60 per share on its common stock. The company expects to increase the dividend at a 20 percent annual rate for the first four (4) years and at a 13 percent rate for the next four (4) years, and then grow the dividend at a 7 percent rate thereafter. This growth pattern is in keeping with the expected life cycle of earnings. You require a 16 percent return to invest in this stock. Required

Calculate the value you should place on a share of this stock.

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Nampundwe Mining Company has just paid a dividend of K1.60 per share on its common stock. The compan...
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