Question
You are contemplating the purchase of a stock you will hold for 2 years. You will receive $0.85 per year in dividends, and then you
You are contemplating the purchase of a stock you will hold for 2 years. You will receive $0.85 per year in dividends, and then you expect to sell it for $26. If the required return is 8%,what is the most you would pay for the stock?
The most you would pay for the stock is? $_____(Round to the nearest cent.)
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Finance For Executives Managing For Value Creation
Authors: Gabriel Hawawini, Claude Viallet
7th Edition
1473778913, 978-1473778917
