Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. 5. apex co. stock just paid $1.00 dividend per sha

5. Apex Co. stock just paid $1.00 dividend per share. The market expects that the...

80.2K

Verified Solution

Question

Finance

image

5. Apex Co. stock just paid $1.00 dividend per share. The market expects that the dividend will grow at 2% annually forever. Assuming a required return of 8% p.a., how much is the value of the stock in two years? (round to 4 decimals)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

What is the pourpose of the cataytic converter that most automobiles use today? Is the catalyst...

Medical Sciences
1.2K views

You are treating a patient who is in her early onset of pregnansy. She complains of feeling...

Psychology
1.2K views

Was the bungalow craze promoted mostly by radical or conservative motives? Did the bungalow hold out...

Statistics
1.2K views

Lenign ad L Erie Road E and Ontario Road O The preference table follows to...

Calculus
1.2K views

Find the Banzhaf power distribution of the weighted voting system 34 19 15 12 6...

Accounting
1.2K views

[The following information applies to the questions displayed below.] Laker Company reported the following January...

Accounting
1.2K views

The following information applies to the questions displayed below During two recent years Perez Construction,...

Accounting
1.2K views

Sawyer Company had the following information for the year: Direct materials used $ 197,600 Direct...

Accounting
1.2K views

When lessors use present value techniques to account for residual values related to leased assets,...

Accounting
1.2K views

SecuriCorp operates a fleet of armored cars that make scheduled pickups and deliveries in the...

Accounting
1.2K views

Concord Corporation traded machinery with a book value of $746650 and a fair value of...

Accounting
1.2K views

How can data warehousing enhance the reporting process over a file-based system or a manual...