7. Suppose an ordinary share of TaTa Plc currently trading at N250 on the stock market is expected to earn a dividend of NO.15 this year. Assuming subsequent dividend of the company are expected to grow at an annual rate of 8%. Calculate the cost of the company's ordinary shares. A. 14.00% B. 14.50% C. 6.50% D. None of the above.

7. Suppose an ordinary share of TaTa Plc currently trading at N250 on the stock market is expected to earn a dividend of NO.15 this year. Assuming subsequent dividend of the company are expected to grow at an annual rate of 8%. Calculate the cost of the company's ordinary shares. A. 14.00% B. 14.50% C. 6.50% D. None of the above.

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter2: The Domestic And International Financial Marketplace

Section: Chapter Questions

Problem 6P

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Kk.436.
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