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You bought Target stock 3 years ago. In the first year, you collected a dividend of $2.48, in the second year, you collected a dividend
You bought Target stock 3 years ago. In the first year, you collected a dividend of $2.48, in the second year, you collected a dividend of $2.56. the third year you collected a dividend of $2.64 and sold the stock for $120.13. (Hint: this means your third-year cash flow was $122.77.) If you earned a return of 6.5% per year, how much did you buy the stock for 3 years ago?
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