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Problem 8-2 The stock of Sedly Inc. is expected to pay the following dividends. Year 1 2 3 4 $2.25 $3.40 $1.80 $2.00 Dividend At
Problem 8-2 The stock of Sedly Inc. is expected to pay the following dividends. Year 1 2 3 4 $2.25 $3.40 $1.80 $2.00 Dividend At the end of the fourth year its value is expected to be $37.50. What should Sedly sell for today if the return on stocks of similar risk is 13.282%? Round PVF values in intermediate calcualtions to four decimal places. Round the answer to two decimal places. $
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