Question
Keidis Industries will pay a dividend of $3.05, $4.15, and $5.35 per share for each of the next three years, respectively. In four years, you
Keidis Industries will pay a dividend of $3.05, $4.15, and $5.35 per share for each of the next three years, respectively. In four years, you believe that the company will be acquired for $48.00 per share. The return on similar stocks is 10.5 percent. What is the current stock price?
Multiple Choice
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$46.30
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$42.32
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$56.53
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$48.73
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$42.99
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Financial Markets And Institutions A Modern Perspective
Authors: Anthony Saunders, Marcia Millon Cornett, Marcia Cornett
2nd Edition
007294109X, 978-0072941098
