c. You expect the price of the stock 3 years from now to be $34.73 (i.e., you
Question:
c. You expect the price of the stock 3 years from now to be $34.73 (i.e., you expect
^P3= $34.73). Discounted at a 12% rate, what is the present value of this expected future stock price? In other words, calculate the PV of $34.73.
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Related Book For 
Financial Management Theory And Practice
ISBN: 9781439078105
13th Edition
Authors: Eugene F. Brigham, Michael C. Ehrhardt
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