Monty Incorporated has announced an annual dividend of $4.10. The firm has zero growth and the required
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Question:
Monty Incorporated has announced an annual dividend of $4.10. The firm has zero growth and the required rate of return for this type of firm is 10 percent. Assuming that the ex-dividend date is January 20, calculate the expected stock price for Monty on January 19 and January 21.
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