Question
Nano Electronics is forecasted to pay a 5.00 dividend at the end of year one, a 5.50 dividend at the end of year two
Nano Electronics is forecasted to pay a 5.00 dividend at the end of year one, a 5.50 dividend at the end of year two and a 6.05 dividend at the end of year three. In addition, at the end of the third year the stock will be sold for 133.1. If the discount rate is 15%, what is the price of the stock?
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Financial Management for Public Health and Not for Profit Organizations
Authors: Steven A. Finkler, Thad Calabrese
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