Question
You are thinking about buying a stock and holding it for 2 years. You expect that the stock will pay a dividend of $0.92 in
You are thinking about buying a stock and holding it for 2 years. You expect that the stock will pay a dividend of $0.92 in 1 year and $3.65 in two years. You expect to sell for $92.52 in 2 years. If the required return is 9.85%, what is the value of the stock.
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Financial Accounting Information For Decisions
Authors: Robert W. Ingram, Bruce Baldwin
4th Edition
0324069545, 978-0324069549
