A stock is expected to pay a $2 dividend in 2 years and a $3 dividend in 3 years. If you expect the price to be $75 in 3 years and if the required return is 9%, what is the stock's present value? (Round to 2 decimal places. Enter only numbers and decimals in your response.)
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Home » Business » A stock is expected to pay a $2 dividend in 2 years and a $3 dividend in 3 years. If you expect the price to be $75 in 3 years and if the required return is 9%, what is the stock's present value? (Round to 2 decimal places.