At what price will you only buy this stock

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Question - Too High Bhd. has paid annual dividends of RM0.48, RM0.60, and RM0.62 a share over the past three years, respectively. The company now predicts that it will maintain a constant dividend since its business has leveled off and sales are expected to remain relatively constant. Given the lack of future growth, at what price will you only buy this stock if you can earn at least a 14 percent rate of return?

Reference no: EM132598743

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