Answer:
TOTAL CURRENT PRICE OF SHARE: $67.38
Amount: year pvf at 11% PV
$14.30 year 1 0.90090 $12.88
$14.30 year 2 0.81162 $11.61
$14.30 year 3 0.73119 $10.46
$14.30 year 4 0.65873 $9.42
$14.30 year 5 0.59345 $8.49
$14.30 year 6 0.53464 $7.65
$14.30 year 7 0.48166 $6.89
TOTAL CURRENT PRICE OF SHARE: $67.38
Step-by-step explanation:
A stock price is the price of one of a company's many shares available for sale. Simply put, the stock price is the highest price someone is willing to pay for the stock or the lowest price at which it can be purchased. Analysts use the random walk approach to explain the movement of asset prices, especially stock market stock prices, in economic and financial theory. This methodology is based on the premise that investors are neutral and unbiased and always assess the value of assets based on future expectations. In such circumstances, prices are subject to all available information and are subject to change only when new information is released.
I hope this helps!!!