Question
You are considering the purchase of a stock with the following characteristics: the current price is $79 and you expect three annual dividends of $4.00,
You are considering the purchase of a stock with the following characteristics: the current price is $79 and you expect three annual dividends of $4.00, $4.40 and $4.80, and at the end of three years you anticipate the stock will sell for $88. What is the AYTM of the stock?
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School Finance A Policy Perspective
Authors: Allan Odden, Lawrence Picus
6th Edition
1259922316, 9781259922312
