Jack Hammer 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, he believes that at the end of the third year he will be able to sell the stock for $33. What is the present value of all future benefits if a discount rate of 11 percent is applied?

Someone please move this post to finance.

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Do not simply retype or paste a question from your book or study material

We won't do your homework questions for you.
You were given the assignment for you to learn.

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Fair enough. I reposted this question in the Finance forum. I will post my attempt in that section. Thanks

Fair enough. I reposted this question in the Finance forum. I will post my attempt in that section. Thanks

Great job! I am glad that you did that!