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Coolibah Holdings is expected to pay dividends of $ 1.40 every six months for the next three years. If the current price of Coolibah stock
Coolibah Holdings is expected to pay dividends of $ 1.40 every six months for the next three years. If the current price of Coolibah stock is $ 21.60, and Coolibah's equity cost of capital is 16%, what price would you expect Coolibah's stock to sell for at the end of three years?
A. $ 28.81
B. $ 24.01
C. $ 27.61
D. $ 26.41
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