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damaskus [11]
3 years ago
13

If you buy the stock and plan to sell it 3 years from now, what are your expected cash flows in (i) year 1; (ii) year 2; (iii) y

ear 3? (Do not round intermediate calculations. Round your answers to 2 decimal places.)
Business
1 answer:
Goryan [66]3 years ago
3 0

Answer and Explanation:

Year 1 Dividend = 1.04

Year 2 Dividend = 1.08

Year 3 Dividend = 1.12

Year 3 Sale of Stock = 14.62

Year 1 Total Cash Flow = 1.04

Year 2 Total Cash Flow = 1.08

Year 3 Total Cash Flow = 15.74

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