Ask Experts Questions for FREE Help !
Ask
    sherjamal69's Avatar
    sherjamal69 Posts: 1, Reputation: 1
    New Member
     
    #1

    Apr 16, 2007, 03:27 PM
    accounting-Present value
    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? (round all values to two places to the right of the decimal point).
    Clough's Avatar
    Clough Posts: 26,677, Reputation: 1649
    Uber Member
     
    #2

    Apr 17, 2007, 12:38 AM
    Please see the following link:

    https://www.askmehelpdesk.com/math-s...board-b-u.html

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Future and present value [ 2 Answers ]

Your rich godfather has offered you a choice of one of the three following alternatives: $10, 000 now; $2,000 a year for eight years: or $24,000 at the end of eight years. Assuming you could earn 11 percent annually, which alternative should you choose? If you could earn 12 percent annually,...

Present Value [ 7 Answers ]

Need assistance... Jack Hammer invests in a stock that will pay dividends of $2 at the end of the first year; $2.20 at the end of the second year; and $2.40 at the end of year three. Also, he believes that at the end of the third year he will be able to sell the stock for $33. What is the...


View more questions Search