The price of NanoGene Unlimited, stock symbol NAGU, is currently $65 per share. The company pays no dividends. Justin Tyme expects the price three years from now to be $100 per share. If Justin desires a 13% rate of return, at what price would he consider NAGU to be a potentially good investment? Which model did you use?
The price of NanoGene Unlimited, stock symbol NAGU, is currently $65 per share. The company pays no dividends. Justin Tyme expects the price three years from now to be $100 per share. If Justin desires a 13% rate of return, at what price would he consider NAGU to be a potentially good investment? Which model did you use?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Business 123 Introduction to Investments
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