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Buena Comida Groceries Corp. has a current annual cash dividend policy of $3. The price of the stock is set to yield 10% return. What
Buena Comida Groceries Corp. has a current annual cash dividend policy of $3. The price of the stock is set to yield 10% return. What is the price of this stock today if the dividend will be paid for 10 years (**firm is going out of business at the end of 10 years and there is no future price at that time - no liquidating dividend)?
Show your answer to the nearest 2 decimals. Do not use the $ sign in your answer.
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