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How was the Present Value of Dividend at 10 % calculated? show working of how the present value was calculated for each year. I want
How was the Present Value of Dividend at 10 % calculated? show working of how the present value was calculated for each year. I want to know how they got these numbers
\begin{tabular}{lrrrrrr} Year & 1 & 2 & 3 & 4 & 5 & 6 \\ \hline Dividend & 0.67 & 0.75 & 0.83 & 0.93 & 1.04 & 1.16 \\ \hline PV of Dividend @ & & & & & & \\ 10% & 0.61 & 0.62 & 0.63 & 0.64 & 0.65 & 0.66 \end{tabular}Step by Step Solution
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