Question
Columbus Manufacturing's stock currently sells for $ 26.85 a share. The stock just paid a dividend of $3.50 a share (i.e.,D 0 ). The dividend
Columbus Manufacturing's stock currently sells for $ 26.85 a share. The stock just paid a dividend of $3.50 a share (i.e.,D0). The dividend is expected to grow at a constant rate of 6 % a year. What stock price is expected three year from now (P3)? Round your answer to two decimal places.
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
11th edition
134141083, 978-0134141084
