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declining products corporation produces goods that are very mature in their product life cycle. decling products is expected to pay a dividend in year 1
declining products corporation produces goods that are very mature in their product life cycle. decling products is expected to pay a dividend in year 1 of $1.15, a dividend of $1.05 in year 2, and a dividivebd of $1.00 in year 3. After year 3, dividends are expected to decline at a rae of $2% per year. An approptiate required rate of return for the stock is 8% what should the stock be worth after three years - round your answer to 4 decimal places
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