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Sheffield Incorporated has announced an annual dividend of $4.50. The firm has zero growth and the required rate of return for this type of firm
Sheffield Incorporated has announced an annual dividend of $4.50. The firm has zero growth and the required rate of return for this type of firm is 10 percent. Assuming that the ex-dividend date is January 20, calculate the expected stock price for Sheffield on January 19 and January 21. (Round answers to 2 decimal places, e.g. 45.15.)
Stock Price | ||
January 19 | $ 45 | |
January 21 | $ 49.5 |
The 45 and 49.5 is wrong, i also subtracted and it was also wrong... try to find the correct solutions please LAST ATTEMPT!!!
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