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Bre-x Minerals Lts. stock just paid its annual dividend of $1.40. Following the discovery of a gold mine in Busang, Indonesia, John felderhof, Bre-X's vice president for exploration, in an interview with fortune magazine announced that dividends are anticpated to continue growing at two percent per year. What is the expected value of this stock five years from now for an investor that requires a 16 percent return from this corporation? a. $11.04 b. $12.58 c. $11.26 d. $11.67 e. $12.41
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Bre-x Minerals Lts. stock just paid its annual dividend of $1.40. Following the discovery of a gold...
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