Question

the dividend will be paid Singing Fish Fine Foods has a current annual cash dividend policy of $3.50. The price of the stock is set to yield a return of 12%. What is the price of this stock a for 11 years? b. for 17 years? a for 42 years? for 5 year? for 100 years? forever What is the price of this stock the dividend will be paid for 11 years? (Round to the nearest cent) - your answer in the answer box and then click check Answer 5 5 parts

Answer 1

price of stock if Dividend paid f 87 liglers Dvd = 3.5$ PUI AF for (lyrs ; 12 %) = 5.9377 So, Price of stock = 3S 13 311 - 20.78) paid for 17years for litre price of stock if dividend PVIFA fi (izjers, 12%) = = 3.5X7,1196 = 25 price of stock if dividend paid for 4 years: PUIFA for (tzgrs, 12%) = =3,5 x 8.2619 = 29.916 if dividend paid to price of stock Soyears; - PUI FA for (Soyss, 12%)=8.3045 -3.5 x 9.3045 - 29.06 priceofstock if dividend paid for 19 years! *3.5*8.3333 = 29-1662 Price of stock if dividend paid freres; = 3.5 12- = 29.1667