Question
A stock with a required return of 13.68% has the cash flows in the table below. Yr 1 Cash Flows Yr 2 Cash Flows Yr
A stock with a required return of 13.68% has the cash flows in the table below.
|
| Yr 1 Cash Flows | Yr 2 Cash Flows | Yr 3 Cash Flows |
| Dividend | $2.41 | $4.56 | $6.66 |
| Price |
|
| $84.72 |
How much is the stock worth today?
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Fundamentals Of Multinational Finance
Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman
3rd Edition
0321541642, 9780321541642
