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QUESTION

ohn 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 f

ohn 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

ohn 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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******** ******** ***** *** **** * $215sales price ** ***** after ******* * * 47required **** ** ****** ** the ***** * ********** ofthe stock ****** ******* value of future cash ***** ********** at the required **** ** returnsince ** want *** ****** ** ** will *** *** *** price **** **** * amount **** **** it will *** fetch ** ***** ***** ***** ***** ***** = (215+47)/115price ***** stock today * **************** ** ** ** *** **** *** * ***** ***** *** ** **** *** ***** ** year ** we **** * ************* ********** * **** ***** ** equal to 215+47= *****

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