What should Sedly sell for today

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Reference no: EM132921743

Question - The stock of Sedly Inc. is expected to pay the following dividends.

Year

1

2

3

4

Dividend

$2.20

$3.40

$1.70

$2.00

At the end of the fourth year its value is expected to be $37.40. What should Sedly sell for today if the return on stocks of similar risk is 12.702%? Round PVF values in intermediate calcualtions to four decimal places. Round the answer to two decimal places.

Reference no: EM132921743

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