Ruby CO. just announced that it will commence paying annual dividends. it plans to pay $4.75 a year for four years, $4.2

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answerhappygod
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Ruby CO. just announced that it will commence paying annual dividends. it plans to pay $4.75 a year for four years, $4.2

Post by answerhappygod »

Ruby CO. just announced that it will commence paying annual
dividends. it plans to pay $4.75 a year for four years, $4.25 a
year for the following three years, and cease paying dividends
altogether. How much is one share of this stock worth to you today
if you require a 9% rate of return?
A. $23.01
B. 27.67
C. 29.32
D.25.15
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