The firms required rate of return is15 estimate the current


Weka Industries has just paid the 2004 annual dividend of Sh. 1.50 per share. The firm's financial manager expects that these dividends will increase at 10% annual rate over the next 3 years. At the end of the3 years, (end of 2007) the growth rate will decline to 5% for the foreseeable future. The firm's required rate of return is15%. Estimate the current value of Weka share i.e. the value at end of 2004 (P0 = P2004).

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Finance Basics: The firms required rate of return is15 estimate the current
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