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The consensus opinion is that the appropriate discount rate for the stock of Advance Auto is 13.90%. Ethan believes the stock will pay a dividend
The consensus opinion is that the appropriate discount rate for the stock of Advance Auto is 13.90%. Ethan believes the stock will pay a dividend of $3.72 on November 3, 2021, $5.33 on November 3, 2022, and $7.02 on November 3, 2023 and that he could sell the stock for $70.00 at that time. How much will he be willing to pay for Advance Auto stock
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