ta A0571101-21... wi ed k ces SECTION #1... Saved Check my work Problem 9-23 Present value [LO9-3] Jack Hammer invests i

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Ta A0571101 21 Wi Ed K Ces Section 1 Saved Check My Work Problem 9 23 Present Value Lo9 3 Jack Hammer Invests I 1 (40.15 KiB) Viewed 50 times

ta A0571101-21... wi ed k ces SECTION #1... Saved Check my work Problem 9-23 Present value [LO9-3] Jack Hammer invests in a stock that will pay dividends of $3.07 at the end of the first year; $3.44 at the end of the second year, and $3.81 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 $57. What is the present value of all future benefits if a discount rate of 14 percent is applied? Use Appendix B for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Dividend Present Value $ 3.07 3.44 3.81 57.00 0.00 Total what is to $ Help Save & Exit Submit