1 - TAWANA STEGALL
Financial calculator solution: Inputs: N = 5; I/YR = 10; PMT = 0; FV = 6000000. Output: PV = -$3,725,527.94. VB = $3,725,528. Points Received: (not graded) 45. Question: A stock that currently trades for $40 per share is expected to pay a year-end dividend of $2 per share. The dividend is expected to grow at a constant rate over time. ................
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