Red Royal Packaging stock is expected to pay a dividend of 3.94 dollars in 1 year and a dividend of 2.8 dollars in 2 years. The stock is expected to be priced at 98.73 dollars in 1 year and at 108.76 dollars in 2 years. What is the current price of Red Royal Packaging stock? The stock’s dividend is paid annually and the next dividend is expected in 1 year.

Answer rating: 100% (QA)

Assuming a 10 discount rate the current price of Red Royal Packaging stock is ... View the full answer