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Queen B Corp. has a current annual cash dividend policy of $5.00. The price of the stock is set to yield 12% return. What is
Queen B Corp. has a current annual cash dividend policy of $5.00. The price of the stock is set to yield 12% return. What is the price of this stock today if the dividend will be paid for 5 year and then a liquidating final dividend of $50.00? Show your answer to the nearest 2 decimals. Do not use the $ sign in your answer. For example, if the answer is $3.237 enter your answer as 3.24 Do not enter it as $3.237, $3.2, 3.2, or 3.237
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