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#30 An investor has examined Target stock and makes the following predictions for the future: YEAR 1 2 3 4 DIVIDEND $1.11 $1.31 $1.68 $1.86

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#30 An investor has examined Target stock and makes the following predictions for the future: YEAR 1 2 3 4 DIVIDEND $1.11 $1.31 $1.68 $1.86 The investor believes the selling price in four years will be $87.08. The price of Target stock this morning is $70.39. What return will the investor earn if he is correct about future dividends and selling price? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))

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