Share of common stock issued by doogle

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Reference no: EM131904108

Justin bought a share of common stock issued by DOOGLE for 100 dollars. It is known that DOOGLE’s last dividend payment is 10 dollars per share, and DOOGLE promises to increase dividend by 5 percent every year. Harper bought a share of common stock issued by Macrohard for 50 doolars. Microhard’s last dividend is 6 dollars per share, and promises no dividend growth in the future. Now both Justin and Harper go to an auction for a 30-year government of Canada bond with $123,456 face value and a 10% coupon, who will offer a higher bid.

Reference no: EM131904108

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