Question
You would like to sell 160 shares of Xenith Bankshares, Inc. (XBKS). The current ask and bid quotes are $4.24 and $4.20, respectively. You place
You would like to sell 160 shares of Xenith Bankshares, Inc. (XBKS). The current ask and bid quotes are $4.24 and $4.20, respectively. You place a limit sell order at $4.23.
If the trade executes, how much money do you receive from the buyer?
A fast-growing firm recently paid a dividend of $0.90 per share. The dividend is expected to increase at a 10 percent rate for the next three years. Afterward, a more stable 5 percent growth rate can be assumed.
If a 6 percent discount rate is appropriate for this stock, what is its value today? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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