A company pays a current dividend of $1.20 per share of common stock. The annual dividend will increase by 3%, 4% and 5%, respectively, over the next three years, and by 6% per year thereafter. The appropriate discount rate is 12%. The current price of the stock is $20.06.What is the capital gain or loss on the stock over the past year?
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here