PFIN 5th Edition by Randall Billingsley,Lawrence Gitman,Michael Joehnk

تمرين 4

Calculating expected return on a stock. The price of Outdoor Designs, Inc. is now $85. The company pays no dividends. Tucker Bartholomew expects the price four years from now to be $125 a share. Should Tucker buy Outdoor Designs if he wants a 15 percent rate of return? Explain.