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XYZ corp is expected to pay dividends of $4.50 at the end of every year for the next 3 years (with the first payment in
XYZ corp is expected to pay dividends of $4.50 at the end of every year for the next 3 years (with the first payment in one year from today). If the current price of XYZ corp is $39, and XYZ 's expected return on equity is 11%, what price would you expect XYZ's stock to sell for at the end of three years (immediately after the third dividend is paid)? $38.30$39.00$53.34$28.00
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