What is the stock price of hde closest to today

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Reference no: EM131622822

Company HDE is expected to pay an interim dividend of $1.00 six months from now and a final dividend of $2.10 one year from now. HDE is then expected to repeat the same pattern every year for the foreseeable future with no growth in dividends. Given that the appropriate effective discount rate is 7.0% p.a., what is the stock price of HDE closest to today?

A) $30

B) $35

C) $40

D) $45

E) None of the above

Reference no: EM131622822

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