Also,
2. If the growth rate is 3% the price per share is ?
3. If you are right and the growth rate is 3%, the price per share would be __$ higher?
Homework Answers
If growth rate is 2% price per share=(196/(13%-2%)-503+14)/23=56.20948617
If growth rate is 3% price per share=(196/(13%-3%)-503+14)/23=63.95652174
Price would be higher by
63.95652174-56.20948617=7.74703557
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