What is the present value of a share for the company

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Problem 1: You buy a stock for which you expect to receive an annual dividend of $2.10 for the fifteen years that you plan on holding it. After 15 years, you expect to sell the stock for $32.25. What is the present value of a share for this company if you want a 7% return?

Select one:

a. $31.41
b. $23.69
c. $30.81
d. $15.97

Reference no: EM132907978

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