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Sia Dance Studios has an annual cash dividend policy that raises the dividend each year by 4%. Last year's dividend, Divo, was $6 per share.
Sia Dance Studios has an annual cash dividend policy that raises the dividend each year by 4%. Last year's dividend, Divo, was $6 per share. The company will be in business for 30 years with no liquidating dividend. What is the price of this stock if a. an investor wants a return of 7%? b. an investor wants a return of 11%? c. an investor wants a return of 13%? d. an investor wants a return of 14%? e. an investor wants a return of 17%? a. What is the price of this stock if an investor wants a return of 7%? (Round to the nearest cent.) b. What is the price of this stock if an investor wants a return of 11%? (Round to the nearest cent.) c. What is the price of this stock if an investor wants a return of 13%? (Round to the nearest cent.) d. What is the price of this stock if an investor wants a return of 14%? (Round to the nearest cent.) e. What is the price of this stock if an investor wants a return of 17%? (Round to the nearest cent.)
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