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Dafna11 [192]
3 years ago
6

Three corners markets paid an annual dividend of $1.37 a share last month. today, the company announced that future dividends wi

ll be increasing by 2.8 percent annually. if you require a return of 11.6 percent, how much are you willing to pay to purchase one share of this stock today?
Business
1 answer:
nikklg [1K]3 years ago
6 0
Given 
   $1.37 = share month
   2.8 % increase 
   11.6 % returned
Find how much pay to purchase one share of this stock 

$1.37 x 0.028 = 0.03836
$1.37+0.03836 = 1.40836
$<span>1.40836 x .116 = 0.16336976
$</span>1.40836+<span>0.16336976 = $1.57 

The answer is $1.57 to purchase one share of this stock today.</span>
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