ChipMaster's bwBASIC This also includes history going back to v2.10. *WARN* some binary files might have been corrupted by CRLF.
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  1. VALUE OF A SHARE OF STOCK
  2. wHEN AN INVESTOR BUYS A STOCK HE HOPES FOR SOME FUTURE
  3. RETURN, EITHER THROUGH DIVIDENDS OR CAPITAL GAINS.
  4. HOWEVER STOCKHOLDERS IN GENERAL,OVER THE LONG HAUL,
  5. ONLY GET CASH DIVIDENDS OUT OF THE STOCK. MANY WHO SUBSCRIBE
  6. TO THE PRECEDIMG BELIEVE THAT ANY STOCK VALUATION MODEL
  7. SHOULD CONSIDER ONLY DIVIDENDS.SUCH IS THE MODEL OF THIS
  8. PROGRAM. WE SHALL ASSUME THAT WE KNOW THE PRICE OF A SHARE
  9. OF A CERTAIN STOCK,THE PRESENT ANNUAL CASH DIVIDEND, AND
  10. AN EXPECTED GROWTH RATE FOR DIVIDENDS WHICH WE ASSUME WILL
  11. LAST INDEFINITELY. FROM THIS DATA WE GET OUR EXPECTED
  12. RATE OF RETURN ON INVESTMENT FOR THE STOCK.
  13. PRESS ENTER TO BEGIN?
  14. THE PRESENT PRICE OF 1 SHARE OF THE STOCK = ? 12.34
  15. THE PRESENT ANNUAL CASH DIVIDEND = ? 2.98
  16. EXPECTED RATE OF DIVIDEND GROWTH(IN %) = ? 3.45
  17. EXPECTED LONG RUN RATE OF RETURN = 28.4323 %
  18. PRESS ENTER FOR MORE STOCKS? -1