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please answer the question with detailed solution that is simple and clear to read. Thank you! Suppose an investor purchases a stock at Time O
please answer the question with detailed solution that is simple and clear to read. Thank you!
Suppose an investor purchases a stock at Time O for $100. Now suppose that: at Time 1: the stock price is $126 and the dividend issued is $0.67 at Time 2: the stock price is $285 and the dividend issued is $0.60 at Time 3: the stock price is $375 and the dividend issued is $0.07 What is the total sum of the FV of dividends (where the "future" period is the 3rd period)? Compute all numbers in your calculations and state your answer to exactly two decimal places (i.e. as #.##). Suppose an investor purchases a stock at Time O for $100. Now suppose that: at Time 1: the stock price is $126 and the dividend issued is $0.67 at Time 2: the stock price is $285 and the dividend issued is $0.60 at Time 3: the stock price is $375 and the dividend issued is $0.07 What is the total sum of the FV of dividends (where the "future" period is the 3rd period)? Compute all numbers in your calculations and state your answer to exactly two decimal places (i.e. as #.##)Step by Step Solution
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