+1 4853618276 support@regentessays.com

A stock is expected to pay no dividends for the next three years. At the end of year 4 it is expected to begin paying a constant divident of $1 per share annually. Assume the stock’s betta is 1.2, the risk-free rate is 5%, an the market risk premium is 4%. Find the present value of the stock,a) 7.71,b) 7.02,c) 10.20,d) 9.14,e) 9.77,I need to suport the answer with a rational.,Thank you

Order Your Custom Essay
Order Your Custom Essay