SlideShare ist ein Scribd-Unternehmen logo
1 von 1
Downloaden Sie, um offline zu lesen
CX Enterprises has the following expected dividends: $1.03 in one year, $1.18 in two years, and
$1.26 in three years. After that, its dividends are expected to grow at 4.5% per year forever (so
that year 4 's dividend will be 4.5% more than $1.26 and so on). If CX's equity cost of capital is
12.4%, what is the current price of its stock? The price of the stock will be $. (Round to the
nearest cent.)
Try again. The present value of the growing dividends at the end of year three is: PV3=rEgDiv4
The price of the stock will be: P0=1+rDiv1+(1+r)2Div2+(1+r)3Div3+PV3

Weitere ähnliche Inhalte

Mehr von allurafashions98

Data table Requirements 1. Compute the product cost per meal produced.pdf
 Data table Requirements 1. Compute the product cost per meal produced.pdf Data table Requirements 1. Compute the product cost per meal produced.pdf
Data table Requirements 1. Compute the product cost per meal produced.pdf
allurafashions98
 
Danny Anderson admired his wifes success at selling scarves at local.pdf
 Danny Anderson admired his wifes success at selling scarves at local.pdf Danny Anderson admired his wifes success at selling scarves at local.pdf
Danny Anderson admired his wifes success at selling scarves at local.pdf
allurafashions98
 
Daring the financial crisis an the end of the firs decade of the 2000.pdf
 Daring the financial crisis an the end of the firs decade of the 2000.pdf Daring the financial crisis an the end of the firs decade of the 2000.pdf
Daring the financial crisis an the end of the firs decade of the 2000.pdf
allurafashions98
 
I need help finishing this code in JavaYou will need to create t.pdf
I need help finishing this code in JavaYou will need to create t.pdfI need help finishing this code in JavaYou will need to create t.pdf
I need help finishing this code in JavaYou will need to create t.pdf
allurafashions98
 
I need help with conducting a 9-cell industry attractiveness and bus.pdf
I need help with conducting a 9-cell industry attractiveness and bus.pdfI need help with conducting a 9-cell industry attractiveness and bus.pdf
I need help with conducting a 9-cell industry attractiveness and bus.pdf
allurafashions98
 
I need help getting my mips program completed this are the full inst.pdf
I need help getting my mips program completed this are the full inst.pdfI need help getting my mips program completed this are the full inst.pdf
I need help getting my mips program completed this are the full inst.pdf
allurafashions98
 
I need help with question 6-8. Part II Blackbody Curves Different c.pdf
I need help with question 6-8. Part II Blackbody Curves Different c.pdfI need help with question 6-8. Part II Blackbody Curves Different c.pdf
I need help with question 6-8. Part II Blackbody Curves Different c.pdf
allurafashions98
 

Mehr von allurafashions98 (20)

Davenport Incorporated has two divisions, Howard and Jones. The f.pdf
 Davenport Incorporated has two divisions, Howard and Jones. The f.pdf Davenport Incorporated has two divisions, Howard and Jones. The f.pdf
Davenport Incorporated has two divisions, Howard and Jones. The f.pdf
 
Data tableRequirements 1. Prepare the income statement for the mon.pdf
 Data tableRequirements 1. Prepare the income statement for the mon.pdf Data tableRequirements 1. Prepare the income statement for the mon.pdf
Data tableRequirements 1. Prepare the income statement for the mon.pdf
 
Current Attempt in Progress Items from Oriole Companys budget for Ma.pdf
 Current Attempt in Progress Items from Oriole Companys budget for Ma.pdf Current Attempt in Progress Items from Oriole Companys budget for Ma.pdf
Current Attempt in Progress Items from Oriole Companys budget for Ma.pdf
 
Data tableAfter researching the competitors of EJH Enterprises, yo.pdf
 Data tableAfter researching the competitors of EJH Enterprises, yo.pdf Data tableAfter researching the competitors of EJH Enterprises, yo.pdf
Data tableAfter researching the competitors of EJH Enterprises, yo.pdf
 
Current Attempt in Progress If a qualitative variable has c categ.pdf
 Current Attempt in Progress If a qualitative variable has  c  categ.pdf Current Attempt in Progress If a qualitative variable has  c  categ.pdf
Current Attempt in Progress If a qualitative variable has c categ.pdf
 
Data tableData tableThe figures to the right show the BOMs for .pdf
 Data tableData tableThe figures to the right show the BOMs for .pdf Data tableData tableThe figures to the right show the BOMs for .pdf
Data tableData tableThe figures to the right show the BOMs for .pdf
 
Data table Requirements 1. Compute the product cost per meal produced.pdf
 Data table Requirements 1. Compute the product cost per meal produced.pdf Data table Requirements 1. Compute the product cost per meal produced.pdf
Data table Requirements 1. Compute the product cost per meal produced.pdf
 
Darla, Ellen, and Frank have capital balances of $30,000,$40,000 and .pdf
 Darla, Ellen, and Frank have capital balances of $30,000,$40,000 and .pdf Darla, Ellen, and Frank have capital balances of $30,000,$40,000 and .pdf
Darla, Ellen, and Frank have capital balances of $30,000,$40,000 and .pdf
 
Daniel, age 38 , is single and has the following income and exnencac .pdf
 Daniel, age 38 , is single and has the following income and exnencac .pdf Daniel, age 38 , is single and has the following income and exnencac .pdf
Daniel, age 38 , is single and has the following income and exnencac .pdf
 
Danny Anderson admired his wifes success at selling scarves at local.pdf
 Danny Anderson admired his wifes success at selling scarves at local.pdf Danny Anderson admired his wifes success at selling scarves at local.pdf
Danny Anderson admired his wifes success at selling scarves at local.pdf
 
CX Enterprises has the following expected dividends $1.05 in one yea.pdf
 CX Enterprises has the following expected dividends $1.05 in one yea.pdf CX Enterprises has the following expected dividends $1.05 in one yea.pdf
CX Enterprises has the following expected dividends $1.05 in one yea.pdf
 
Daring the financial crisis an the end of the firs decade of the 2000.pdf
 Daring the financial crisis an the end of the firs decade of the 2000.pdf Daring the financial crisis an the end of the firs decade of the 2000.pdf
Daring the financial crisis an the end of the firs decade of the 2000.pdf
 
I need help finishing this code in JavaYou will need to create t.pdf
I need help finishing this code in JavaYou will need to create t.pdfI need help finishing this code in JavaYou will need to create t.pdf
I need help finishing this code in JavaYou will need to create t.pdf
 
I need help on figuring out how to chop up my controller for MVC int.pdf
I need help on figuring out how to chop up my controller for MVC int.pdfI need help on figuring out how to chop up my controller for MVC int.pdf
I need help on figuring out how to chop up my controller for MVC int.pdf
 
I need help creating these methods for a java DoublyLinkedListE cl.pdf
I need help creating these methods for a java DoublyLinkedListE cl.pdfI need help creating these methods for a java DoublyLinkedListE cl.pdf
I need help creating these methods for a java DoublyLinkedListE cl.pdf
 
I need help with conducting a 9-cell industry attractiveness and bus.pdf
I need help with conducting a 9-cell industry attractiveness and bus.pdfI need help with conducting a 9-cell industry attractiveness and bus.pdf
I need help with conducting a 9-cell industry attractiveness and bus.pdf
 
I need help getting my mips program completed this are the full inst.pdf
I need help getting my mips program completed this are the full inst.pdfI need help getting my mips program completed this are the full inst.pdf
I need help getting my mips program completed this are the full inst.pdf
 
I need help understanding what strong or weak entities are, what is .pdf
I need help understanding what strong or weak entities are, what is .pdfI need help understanding what strong or weak entities are, what is .pdf
I need help understanding what strong or weak entities are, what is .pdf
 
I need help with question 6-8. Part II Blackbody Curves Different c.pdf
I need help with question 6-8. Part II Blackbody Curves Different c.pdfI need help with question 6-8. Part II Blackbody Curves Different c.pdf
I need help with question 6-8. Part II Blackbody Curves Different c.pdf
 
I need help with question 10-12. E 2013 Pearson Educabon, hn Conside.pdf
I need help with question 10-12. E 2013 Pearson Educabon, hn Conside.pdfI need help with question 10-12. E 2013 Pearson Educabon, hn Conside.pdf
I need help with question 10-12. E 2013 Pearson Educabon, hn Conside.pdf
 

Kürzlich hochgeladen

Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in DelhiRussian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
kauryashika82
 
Spellings Wk 3 English CAPS CARES Please Practise
Spellings Wk 3 English CAPS CARES Please PractiseSpellings Wk 3 English CAPS CARES Please Practise
Spellings Wk 3 English CAPS CARES Please Practise
AnaAcapella
 
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 -  Danh muc Sach Giao Khoa 10 . pdf1029 -  Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf
QucHHunhnh
 

Kürzlich hochgeladen (20)

SOC 101 Demonstration of Learning Presentation
SOC 101 Demonstration of Learning PresentationSOC 101 Demonstration of Learning Presentation
SOC 101 Demonstration of Learning Presentation
 
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in DelhiRussian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
 
General Principles of Intellectual Property: Concepts of Intellectual Proper...
General Principles of Intellectual Property: Concepts of Intellectual  Proper...General Principles of Intellectual Property: Concepts of Intellectual  Proper...
General Principles of Intellectual Property: Concepts of Intellectual Proper...
 
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptxBasic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
 
Unit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptxUnit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptx
 
Spellings Wk 3 English CAPS CARES Please Practise
Spellings Wk 3 English CAPS CARES Please PractiseSpellings Wk 3 English CAPS CARES Please Practise
Spellings Wk 3 English CAPS CARES Please Practise
 
Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024
 
Application orientated numerical on hev.ppt
Application orientated numerical on hev.pptApplication orientated numerical on hev.ppt
Application orientated numerical on hev.ppt
 
Making communications land - Are they received and understood as intended? we...
Making communications land - Are they received and understood as intended? we...Making communications land - Are they received and understood as intended? we...
Making communications land - Are they received and understood as intended? we...
 
Key note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdfKey note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdf
 
Magic bus Group work1and 2 (Team 3).pptx
Magic bus Group work1and 2 (Team 3).pptxMagic bus Group work1and 2 (Team 3).pptx
Magic bus Group work1and 2 (Team 3).pptx
 
Accessible Digital Futures project (20/03/2024)
Accessible Digital Futures project (20/03/2024)Accessible Digital Futures project (20/03/2024)
Accessible Digital Futures project (20/03/2024)
 
Unit-IV- Pharma. Marketing Channels.pptx
Unit-IV- Pharma. Marketing Channels.pptxUnit-IV- Pharma. Marketing Channels.pptx
Unit-IV- Pharma. Marketing Channels.pptx
 
This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.
 
How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17
 
Understanding Accommodations and Modifications
Understanding  Accommodations and ModificationsUnderstanding  Accommodations and Modifications
Understanding Accommodations and Modifications
 
Python Notes for mca i year students osmania university.docx
Python Notes for mca i year students osmania university.docxPython Notes for mca i year students osmania university.docx
Python Notes for mca i year students osmania university.docx
 
Micro-Scholarship, What it is, How can it help me.pdf
Micro-Scholarship, What it is, How can it help me.pdfMicro-Scholarship, What it is, How can it help me.pdf
Micro-Scholarship, What it is, How can it help me.pdf
 
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
 
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 -  Danh muc Sach Giao Khoa 10 . pdf1029 -  Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf
 

CX Enterprises has the following expected dividends $1.03 in one yea.pdf

  • 1. CX Enterprises has the following expected dividends: $1.03 in one year, $1.18 in two years, and $1.26 in three years. After that, its dividends are expected to grow at 4.5% per year forever (so that year 4 's dividend will be 4.5% more than $1.26 and so on). If CX's equity cost of capital is 12.4%, what is the current price of its stock? The price of the stock will be $. (Round to the nearest cent.) Try again. The present value of the growing dividends at the end of year three is: PV3=rEgDiv4 The price of the stock will be: P0=1+rDiv1+(1+r)2Div2+(1+r)3Div3+PV3