Caymen ltd latest annual dividend of 125 per share was paid


Caymen Ltd latest annual dividend of $1.25 per share was paid yesterday and maintained its historic 7 percent annual growth rate. You plan to purchase the stock today because you believe that the dividend growth rate will increase to 8 percent for the next three years and the selling price will be $40 per share at the end of that time

How much should you be willing to pay for the GCC stock if you require a 14 percent return?   

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Financial Management: Caymen ltd latest annual dividend of 125 per share was paid
Reference No:- TGS02361681

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