The stock of Sedly Inc. is expected to pay the following dividends. Year 1 2 3
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Question:
The stock of Sedly Inc. is expected to pay the following dividends.
Year | |||||
1 | 2 | 3 | 4 | ||
Dividend | $2.30 | $3.50 | $1.75 | $2.20 |
At the end of the fourth year its value is expected to be $37.70. What should Sedly sell for today if the return on stocks of similar risk is 13.387%?
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