Question
Consider a stock that will pay out a dividends over the next 3 years of $1.1, $1.9, and $2.3, respectively. The price of the stock
Consider a stock that will pay out a dividends over the next 3 years of $1.1, $1.9, and $2.3, respectively. The price of the stock will be$49.79 at time3. The interest rate is 13%. What is the current price of the stock?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
13th edition
978-1285027371, 128502737X, 978-1133541141
