A share of Southside stock sold for $37. The annual dividend is $1.85. Three years later the
Question:
A share of Southside stock sold for $37. The annual dividend is $1.85. Three years later the stock has increased 17% in value and the dividend has increased 5%.
a. What is the price per share 3 years later?
b. What is the dividend 3 years later? Round to the nearest cent.
c. What is the yield 3 years later? Round to the nearest tenth of a percent.
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a The price per share 3 years later is 4584 We can find the price using P 37 10173 37 1173 37151 375...View the full answer
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Related Book For
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
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