Question
1 year stock price Expect a divdend of $2.50 will be paid at the end of the year Expect the stock to sell for $65
1 year stock price
Expect a divdend of $2.50 will be paid at the end of the year
Expect the stock to sell for $65 in 1 year
Investors in the stock require a 35% return on the stock
What should the stock sell for today? Please give answer set up as PV formula using the PV function
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International Financial Management
Authors: Cheol S. Eun, Bruce G.Resnick
6th Edition
71316973, 978-0071316972, 78034655, 978-0078034657
