You buy a stock for which you expect to receive an annual dividend of $2.10 for the ten years that you plan on holding it.After 10 years,you expect to sell the stock for $26.15.What is the present value of a share for this company if you want an 8% return?
A)$7.72
B)$15.97
C)$26.20
D)$31.41

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The Answer of You buy a stock for which you expect to receive an annual dividend of $2.10 for the ten years that you plan on holding it.After 10 years,you expect to sell the stock for $26.15.What is the present value of a share for this company if you want an 8% return?
A)$7.72
B)$15.97
C)$26.20
D)$31.41

You Buy a Stock for Which You Expect to Receive