You estimate the following cash flows for Nick's Incorporated: D₁=$0.83, D₂=$0.87, D₃=$0.96, and P₃=$27.40. If the required return to hold Nick's stock is 15.1%, what is the price today for Nick's stock?

Name: You estimate the following cash flows for Nick's Incorporated: D 1 =$0.83, D 2 =$0.87, D 3 =$0.96, and P 3 =$27.40. If the required return to hold Nick's stock is 15.1%, what is the price today for Nick's stock?
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Price = $.83/1.151 + $.87/(1.151)^2 + ($0.96+$27.40)/(1.151)^3

You Estimate the Following Cash Flows for Nick's Incorporated: D1=$0

You Estimate the Following Cash Flows for Nick's Incorporated: D₁=$0