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Question 1 1 pts Suppose the goddess tells you the following information about a stock: Year Dividend 1 $1 2. $4 3 $5 4 $9
Question 1 1 pts Suppose the goddess tells you the following information about a stock: Year Dividend 1 $1 2. $4 3 $5 4 $9 She also tells you that the stock will sell for $22 at four years from now. If you require a 13% return to invest in this stock, what is the most you would be willing to pay for it today? Keep at least 4 decimals in all your calculations. Round your final answer to 2 decimal places, for example 49.12. 26.5
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