Amalgamated Industries' common stock sells for $15 per share and is expected to pay dividends of $2.75
Fantastic news! We've Found the answer you've been seeking!
Question:
Amalgamated Industries' common stock sells for $15 per share and is expected to pay dividends of $2.75 per year for 7 years. After 7 years it will go out of business and and the stock will be worthless. If you buy this stock today, what is your expected compound annual rate of return?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: