Question: Please show ALLLLLLL work if possible handwritten and do not use Excel! 18. Xinhua Manufacturing Inc. has been generating stable revenues but sees no growth

 Please show ALLLLLLL work if possible handwritten and do not use

Please show ALLLLLLL work if possible handwritten and do not use Excel!

18. Xinhua Manufacturing Inc. has been generating stable revenues but sees no growth in its foreseeable future. The company's last dividend was $3.25, and it is unlikely to change the amount paid out. If the required rate of return is 12%, what is the stock worth today? a) $3.69 b) $27.08 c) $39.00 d) $21.23

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!