The stock of Sony is forecasted to pay dividends in the next three years as follows: D
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The stock of Sony is forecasted to pay dividends in the next three years as follows: D1=$1.7, D2=$2.2, D3=$2.9. The company's stock price is estimated to be $50 at the end of three years. The rate of return for similar-risk common stock is 6%. Then the value of Sony common stock is $____________. (Please keep your answer in two places.)
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0133400694
1st canadian edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford, David A. Stangeland, Andras Marosi
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