FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please answer ASAP and ill leave a thumbs up! Citigroup, Inc. is estimated to pay dividend of $2.4 in 2023,$3.0 in 2024. Assume all dividends

Please answer ASAP and ill leave a thumbs up!
image text in transcribed
Citigroup, Inc. is estimated to pay dividend of $2.4 in 2023,$3.0 in 2024. Assume all dividends are paid at the year end and it's estimated you can sell Citigroup, Inc. at the price of $60 at the end of year 2024. What's the fair stock price of Citigroup, Inc. at the beginning of year 2023, assuming the annual discount rate of 6.5% ? $57.80 $56.23 $52.42 $54.57

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Credit Derivatives Handbook Global Perspectives Innovations And Market Drivers

Credit Derivatives Handbook Global Perspectives Innovations And Market Drivers

Authors: Greg Gregoriou, Paul Ali

1st Edition

0071549528, 978-0071549523

More Books

Students also viewed these Finance questions

Question

★★★★★
What are homonyms and synonyms, and why should they be avoided in database design?

Answered: 1 week ago

Question

★★★★★
Is the assumption of sampling from a normal distribution critical in the application of the t-test? Justify your answer.

Answered: 1 week ago

Question

★★★★★
Is independence impaired on these SEC filing audits according to SEC independence rules regarding non-audit services? a. CPA Dakota Tidrick is a staff assistant II auditor on the Section Co. audit....

Answered: 1 week ago

Question

★★★★★
Please answer ASAP and ill leave a thumbs up! Citigroup, Inc. is estimated to pay dividend of $2.4 in 2023,$3.0 in 2024. Assume all dividends are paid at the year end and it's estimated you can sell...

Answered: 1 week ago

Question

★★★★★
1 . Distinguish between Stress & Strain.

Answered: 1 week ago

Question

★★★★★
Cando Manufacturing Inc. (CMI) produces toys for small children. CMI's schedule of cost of goods manufactured for 2023 is as follows: Direct materials used $ 58,000 Direct labour 95,000 Manufacturing...

Answered: 1 week ago

Question

★★★★★
Cost of Goods Sold Beginning Inventory $63,000 Add: Purchases $25,000 Less: Purchase Discounts $2,500 Purchase Returns and Allowances $1,500 Net Purchases $21,000 Freight-in $8,000 Cost of Goods...

Answered: 1 week ago

Question

★★★★★
Why are research hypotheses considered tentative? Select answer from the options below They involve two variables. They are only verified after being empirically tested. They are only interesting to...

Answered: 1 week ago

Question

★★★★★
Assuming the friends decide to offer the securities publicly, but only in their home state, they must: apply for a blue-sky exemption. confirm that all purchasers are accredited investors. register...

Answered: 1 week ago

Question

★★★★★
In the case study Metagenom Bio Inc: Protecting Intellectual Property Rights in China. What are the social and legal models in China for the protection of IPR? What are the challenges to an entity's...

Answered: 1 week ago

Question

★★★★★
e. In how many cases were people depicted in stereotypical rolesfor example, African Americans as athletes, or women as homemakers?

Answered: 1 week ago

Question

★★★★★
1. Discuss the four components of language.

Answered: 1 week ago

Question

★★★★★
a. How many different groups were represented?

Answered: 1 week ago

Previous Question Next Question