Your research on Skyway Corp. indicates that the company will be paying dividends of $1.75 per share in 2023, $1.95 per share in 2024, $2.25 per share in 2025 and $2.65 per share in 2026. You are given an estimate that the stock price in 2026 will be worth $37.50 per share. If your required annual return for all investments is 12%.

What is the most you are willing to pay for Skyway stock today?

Answer rating: 100% (QA)

To determine the maximum amount you would be willing to pay for Skyway stock today we can use the di... View the full answer