Question: steps 1 - 6. PLEASE EXPLAIN IN DETAIL. not on excel... Singing Fish Fine Foods has a current annual cash dividend policy of $3.50 The

steps 1 - 6. PLEASE EXPLAIN IN DETAIL. not on excel...

Singing Fish Fine Foods has a current annual cash dividend policy of $3.50 The price of the stock is set to yield a return of 12% What is the price of this stock if the dividend will be paid a. for 12 years? b. for 15 years? c. for 41 years? d. for 60 years? e. for 100 years? f forever? a. What is the price of this stock if the dividend will be paid for 12 years? (Round to the nearest cent)

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