cnichols33
May 19, 2007, 08:23 PM
If someone invests in a stock that will pay dividends of $2.00 at the end of the first year; 2.20 at the end of the second year; and 2.40 at the end of the third year. Also, this person believes that at the end of the third year they will be able to sell the stock for $33 dollars. What is the present value of all future benefits if a discount rate of 11% is applied?
Lynn
Lynn