In: Finance
East Boutique recently paid RM 1.65 as an annual dividend. Future dividends are projected at RM 1.68, RM 1.72, RM 1.76 and RM 1.80 over the next four years, respectively. Beginning five years from now, the dividend is expected to increase by 2.5 percent annually. Assess the worth of one share in this company if you require an 11 percent rate of return on similar investments.