Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 03, 2024

A stock is expected to pay dividends of $ 1.93 per share for the foreseeable future. If the appropriate discount rate is 14.87 % then

A stock is expected to pay dividends of $ 1.93 per share for the foreseeable future. If the appropriate discount rate is 14.87 % then what should be the price of this stock?

(Enter the answer in dollar format without $ sign or thousands comma -> 3519.23 and not $3,519.23 or 3,519.23)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Real Estate Finance De Limmobilier

Authors: Thomas, Philippe, Romanet Perroux, Arnaud

1st Edition

2863255991, 9782863255995

More Books

Students also viewed these Finance questions

Question

Describe a business that you deal with as a customer. Describe the customer service at this business. What do you like or dislike about it? How could it be improved?

Answered: 1 week ago

Question

★★★★★

A large law firm uses an average of 40 boxes of copier paper a day. The firm operates 260 days a year. Storage and handling costs for the paper are $ 30 a year per box, and it costs approximately $...

Answered: 1 week ago

Question

★★★★★

A stock is expected to pay dividends of $ 1.93 per share for the foreseeable future. If the appropriate discount rate is 14.87 % then what should be the price of this stock? (Enter the answer in...

Answered: 1 week ago

Question

★★★★★

1.In the balance of payments, in a country with a floating exchange rate, a surplus on the financial account occurs if: A.National savings exceeds investment B.The government shifts from a fixed to a...

Answered: 1 week ago

Question

★★★★★

Question: What is the purpose of the final keyword when applied to a class in Java? A) It allows the class to be inherited by subclasses. B) It prevents the class from being subclassed or extended....

Answered: 1 week ago

Question

★★★★★

Question: What does the this keyword represent in Java? A) It refers to the superclass of the current object. B) It is used to call the current class's constructor. C) It is a reference to the...

Answered: 1 week ago

Question

★★★★★

Answered: 1 week ago

Question

★★★★★

1. The scientific name of human beings ? 2. Who proposed six kingdom classification? 3. Write the scientific name of tiger?

Answered: 1 week ago

Question

★★★★★

1. Write a scientific name of Rice? 2.who first formulated the scientific classification of organisms?

Answered: 1 week ago

Previous Question Next Question