You buy a stock for which you expect to receive an annual dividend of $2.10 for the

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You buy a stock for which you expect to receive an annual dividend of $2.10 for the 15 years that you plan on holding it. After 15 years, you expect to sell the stock for 32.25.

What is the present value of a share for this company if you want a 10% return?

Related Book For answer-question

Basic Finance An Introduction to Financial Institutions Investments and Management

ISBN: 978-1111820633

10th edition

Authors: Herbert B. Mayo

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Posted Date: Apr 14, 2023 02:47 AM

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You buy a stock for which you expect to receive an annual dividend of $2.10 for the

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Answer You are given an annual dividend of 210 for the fifteen years ... View the full answer

Basic Finance An Introduction to Financial Institutions Investments and Management

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