Nu-platinum is a highly successful mining company the, Ask an Expert

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Nu-Platinum is a highly successful mining company. The company just paid a dividend on the stock of $0.60. Business has been growing well over the past few years and is expected to do so at 25% for the next 3 years. The company will then expect growth to slow to 7% for the foreseeable future. Mining is a risky business and this shock is viewed as risky thus you require a 20% return.

A) If the required return is 20% what is the price of the stock at the year 3?

B) What is the price of the stock today?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91787504

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