VolCo stock will pay annual dividends of $2.96 and $2.16 in each of the next two years,

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VolCo stock will pay annual dividends of $2.96 and $2.16 in each of the next two years, with the first dividend occurring one year from today. Then, in year three and continuing every year thereafter, VolCo's annual dividend will be a constant $2.75. If investors require a 13.1% rate of return, what is a fair price for the stock today? Round your answer to the nearest penny

Posted Date: May 19, 2024 07:01 PM

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VolCo stock will pay annual dividends of $2.96 and $2.16 in each of the next two years,

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