Question
( Common stock valuation ) Sanford common stock is expected to pay $1.75 in dividends nextyear, and the market price is projected to be $51.55
(Common stock valuation) Sanford common stock is expected to pay $1.75 in dividends nextyear, and the market price is projected to be $51.55 per share byyear-end. If investors require a rate of return of 13 percent, what is the current value of thestock?
The current value of the stock is $ (Round to the nearestcent.)
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Financial Institutions Management A Risk Management Approach
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
8th edition
978-0078034800, 78034809, 978-0071051590
