Question

Singing Fish Fine Foods has a current annual cash dividend policy of ​$2.00. The price of the stock is set to yield a return of 12 %. What is the price of this stock if the dividend will be paid a. for 11 ​years? b. for 17 ​years? c. for 41 ​years? d. for 50 ​years? e. for 100 ​years? f. ​forever? a. What is the price of this stock if the dividend will be paid for 11 ​years?

Answer 1

Following is attached the solution or the question given.

I hope it will help you a lot!

Step-by-step explanation:

Formulas for calculation are mentioned in D column. By simply putting '=' sign they will calculate the answer as given in column C.