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Homework answers / question archive / Lucky Star Berhad has just paid RM0
Lucky Star Berhad has just paid RM0.50 annual dividend. The dividend is expected to increase by 12 percent for the next two years and another 10 percent for the subsequent two years. Afterwards, a more stable 7 percent growth rate can be assumed. Calculate the value of this stock if the required rate of return is 10 percent. (12 marks)
