February 24, 2017

Homework Help: Math

Posted by Robert on Monday, January 11, 2010 at 11:51am.

Jack Hammer invests in a stock that will pay dividends of $2.00 at the end of the first year; $2.20 at the end of the second year; and $2.40 at the end of the third year. Also, he believes that at the end of the third year he will be able to sell the stock for $33. What is the present value of all future benefits if a discount rate of 11 percent is applied?

Answer This Question

First Name:
School Subject:

Related Questions

More Related Questions