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borteleto borteleto
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5 years ago
A financial analyst expects Crane Service Inc. to pay a dividend of $2 per share one year from today, a dividend of $3 per share in years two, and estimates the value of the stock at the end of year two to be $22. If your required return on Crane Service stock is 14 %, what is the most you would be willing to pay for the stock today if you plan to sell the stock in two years?
A) $20.99
B) $26.75
C) $26.90
D) $27.00
Textbook 
Foundations of Finance

Foundations of Finance


Edition: 9th
Authors:
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wrote...
#1
5 years ago
 A
 
borteleto Author
wrote...
#2
5 years ago
Smart ... Thanks!
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