Muna is planning to buy equity shares of Galfar Company. She is expecting to receive dividend on OMR 0.225 for the next three years. The selling price expected by Muna at the end of third year is OMR 25. The rate of return is 15 %. Calculate the present price of the shares OMR 17.108 OMR 16.570 OMR 16.960 OMR 17.278

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Muna is planning to buy equity shares of Galfar Company. She is expecting to receive dividend on OMR 0.225 for the next three
years. The selling price expected by Muna at the end of third year is OMR 25. The rate of return is 15 %. Calculate the present
price of the shares
OMR 17.108
OMR 16.570
OMR 16.960
OMR 17.278
Transcribed Image Text:Muna is planning to buy equity shares of Galfar Company. She is expecting to receive dividend on OMR 0.225 for the next three years. The selling price expected by Muna at the end of third year is OMR 25. The rate of return is 15 %. Calculate the present price of the shares OMR 17.108 OMR 16.570 OMR 16.960 OMR 17.278
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