a.Current price=D1/(Required return-Growth rate)
=2.9/(0.13-0.08)
=$58
b.
Expected price=$37*(1+Growth Rate)
=$37*1.03
=$38.11
Required return=(D1/Current price)+Growth rate
=[(3.25*1.03)/37]+0.03
=12.05%(Approx).
9.2/9.3 Tresnan Brothers is expected to pay a $2.90 per share dividend at the end of...
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