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You are considering the purchase of stock in XYZ Inc. You expect to own the stock for the next six years. You expect to receive
You are considering the purchase of stock in XYZ Inc. You expect to own the stock for the next six years. You expect to receive the following dividends starting in year 1: 1.20; year 2: 0.90; year 3:1.75; year 4: 2.10; year 5: 1.35; in year 6, you will be able to sell the stock for $58.46. If you want to make a return of 6.8%, how much are you willing to pay for the stock today
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