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QUESTION

John is evaluating a stock that he believes will pay a dividend equal to $2.15 in exactly one year from today. Further, John expects that in addition to the dividend he will be able to sell the stock

John is evaluating a stock that he believes will pay a dividend equal to $2.15 in exactly one year from today. Further, John expects that in addition to the dividend he will be able to sell the stock for the amount $47 per share also one year from today. Using this information, what is the stock's price today if the required rate of return on the stock is 15.00

John is evaluating a stock that he believes will pay a dividend equal to $2.15 in exactly one year from today. Further, John expects that in addition to the dividend he will be able to sell the stock for the amount $47 per share also one year from today. Using this information, what is the stock's price today if the required rate of return on the stock is 15.00

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prof dan
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******** ******** ***** *** year * ********* ***** of ***** ***** oneyear * * ********** **** ** ****** ** the ***** * 1500%price ***** stock today= ******* ***** ** ****** cash ***** ********** at *** required rate of *********** ** **** *** ****** ** we will not pay *** price more **** * ****** **** **** it will not fetch ** ***** ***** ***** ***** ***** = ***************** ***** ***** ***** * **************** :- if ** *** **** *** * ***** ***** *** ** want *** ***** ** year ** we **** * ************* =4274(115) = **** ***** ** ***** ** 215+47= *****

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