The stock pays no dividends and is estimated to have a


You are offered the opportunity to purchase a stock for $100 a share. The stock pays no dividends and is estimated to have a sales price of $150 a share in 5 years. You don't purchase stocks unless they give you at least a 15% annual return. Would you purchase this stock? Why or why not?

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Financial Management: The stock pays no dividends and is estimated to have a
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