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The cumeet price of a stock is 569 35. dvidende e espected to be 5120 per share for the next sk year and the requied retun is 6%, then what should the price of the stock be in 6 yeers wen you plan to sel ? Tive price 6 years from now eil be sRound your repone to e nearest dolar)

The cumeet price of a stock is 569 35. dvidende e espected to be 5120 per share for the next sk year and the requied retun is 6%, then what should the price of the stock be in 6 yeers wen you plan to sel ? Tive price 6 years from now eil be sRound your repone to e nearest dolar)

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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The current price of a stock is 569.35. If dividends are expected to be 51.20 per share for the next six years, and the required return is 6%, then what should the price of the stock be in 6 years when you plan to sell ? The price 6 years frum now will be 5 (Round your response to the nearest doliar.)
Transcribed Image Text:The current price of a stock is 569.35. If dividends are expected to be 51.20 per share for the next six years, and the required return is 6%, then what should the price of the stock be in 6 years when you plan to sell ? The price 6 years frum now will be 5 (Round your response to the nearest doliar.)
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