The share of XYZ company is expected to distribute 3$ dividend a year from now,...
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Finance
The share of XYZ company is expected to distribute 3$ dividend a year from now, 3.5$ dividend 2 years from now and 4.5$ dividend 3 years from now. It is also expected that the share price will be equal to 70$ at the year 3. If the required rate of return on this share is 12%, what is the price right now?
Select one:
a.60.31
b.58.50
c.62.39
d.55.12
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