AAFM Chartered Wealth Manager (CWM) Certification Level II Examination CWM_LEVEL_2 Question # 47 Topic 5 Discussion

AAFM Chartered Wealth Manager (CWM) Certification Level II Examination CWM_LEVEL_2 Question # 47 Topic 5 Discussion

CWM_LEVEL_2 Exam Topic 5 Question 47 Discussion:
Question #: 47
Topic #: 5

Section B (2 Mark)

Shiva Industries Ltd. earns Rs. 2 per share and distributes 40% of its earnings as cash dividends. Its dividends grew annually at 7%. What will be the stock’s price if the required rate is 10%?


A.

Rs. 31.25


B.

Rs. 29.50


C.

Rs. 28.53


D.

Rs. 21.40


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