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QUESTION 6 The ABC company's stock pays semi-annual dividends. The next dividend payment, which is due 4 months from now, is expected to be
QUESTION 6 The ABC company's stock pays semi-annual dividends. The next dividend payment, which is due 4 months from now, is expected to be 5.00 per shear. Each subsequent dividend is expected to be 3% larger than the dividend paid 6 months earlier. Based on an annual effective rate of 159%, what is the value of a share of the ABC company's stock? a. 124 . 121 O c. 112 O d. 115 O e. 118
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Financial Algebra advanced algebra with financial applications
Authors: Robert K. Gerver
1st edition
978-1285444857, 128544485X, 978-0357229101, 035722910X, 978-0538449670
