You want to invest in a stock that pays $7.00 this alock you buy today? O $0.01 O $115.21 O $66.67 O $55.56 O $80.01 net
Posted: Sun Jul 03, 2022 6:42 am
- You Want To Invest In A Stock That Pays 7 00 This Alock You Buy Today O 0 01 O 115 21 O 66 67 O 55 56 O 80 01 Net 1 (6.94 KiB) Viewed 11 times
You want to invest in a stock that pays a $7.00 annual cash dividend for the next five years. At the end of that time, uou will sell the stock for $100. If you want to earn 8% on this investment, what is a fair price for this stock if you buy today?
A. 96.01
B. 115.21
C. 66.67
D. 55.56
E. 80.01
You want to invest in a stock that pays $7.00 this alock you buy today? O $0.01 O $115.21 O $66.67 O $55.56 O $80.01 net e