Next years dividend is expected to be 080 and the


Currently Hambleton Ales dividends are growing by 10% pa and this is expected to continue foranother two years. After that time they are expected to grow by 8% pa for the next two years, andthen by 6% every year. Next year's dividend is expected to be $0.80, and the appropriate discountrate is 12%. If you have $20,700 to invest, how many shares can you buy in Hambleton Ales?

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Finance Basics: Next years dividend is expected to be 080 and the
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