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

## Related Questions

- Accounting - Jack Hammer invests in a stock that will pay dividends of $2.00 at ...
- maths - A man borrows Rs 18000 at 5% per annum compound interest .If he repays ...
- finance - You may to invest in a coffee plantation in South Australia. The ...
- Finance (common stock) - I need a formula for: A share of common stock of xyz ...
- Accounting - How do you calculate the 'Capital stock at the end of the year' ...
- Mathematics - (a)A loan of 12 000 was borrowed from a bank at 14% per annum ...
- Mathematics - A loan of 12,000 was borrowed from a bank at 14% per annum. ...
- Finance Homework/ Have 2nd Part Need Calculate1st - An investment will pay $100 ...
- college - an investor is looking for 4 year investment.the share of skylark ...
- accounting I - stock outstanding as follows: 15,000 shares of cumulative 4%, ...

More Related Questions