Question
The stock of Sedly Inc. is expected to pay the following dividends. Year 1 2 3 4 Dividend $2.20 $3.40 $1.75 $2.00 At the end
The stock of Sedly Inc. is expected to pay the following dividends.
| Year | |||||
| 1 | 2 | 3 | 4 | ||
| Dividend | $2.20 | $3.40 | $1.75 | $2.00 | |
At the end of the fourth year its value is expected to be $37.40. What should Sedly sell for today if the return on stocks of similar risk is 10.042%? Round PVF values in intermediate calcualtions to four decimal places. Round the answer to two decimal places.
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The Leverage Space Trading Model
Authors: Ralph Vince
1st Edition
0470455950, 978-0470455951
