What is the present value of the dividends to be received

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Question 1: Mountain LTD has not paid out any dividends in the last three years. it does not expect to pay any dividends in the next two years either as it recovers from an economic situation. Three years from now it expects to pay a dividend of $2.50 and then $3.00 in the following two years. What is the present value of the dividends to be received over the next five years if the discount rate is 15 percent.

Reference no: EM132859020

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