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mantparn mantparn
wrote...
Posts: 1904
Rep: 2 0
7 years ago
You are planning to purchase the stock of Ted's Sheds Inc. and you expect it to pay a dividend of $3 in 1 year, $4.25 in 2 years, and $6.00 in 3 years. You expect to sell the stock for $100 in 3 years. If your required return for purchasing the stock is 12 percent, how much would you pay for the stock today?
A) $75.45
B) $77.24
C) $81.52
D) $85.66
Textbook 
Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
Authors:
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alovelyalovely
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Posts: 958
7 years ago
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mantparn Author
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6 years ago
Thanks for the assistance, I've marked your post as best answer
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5 years ago
thank you
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5 years ago
thank yiu
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4 years ago
thank you
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4 years ago
thank you
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3 years ago
thank you
Anonymous
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9 months ago
Help! The answer is missing an explanation...
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