Answered

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The stock that is selling for GH¢12 today is expected to pay GH¢ 1 next year, GH¢2 the year
after, and GH¢ 3 the following year. How much are you expecting to sell it for after the third
dividend if you buy it today? Your discount rate is 32%.
A. 20.22

B. 12.00
C. 18.00
D. 6.00

Sagot :

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