Business, 25.03.2021 04:30 trinity0929

The next three annual dividends paid by XYZ stock are expected to be $2.79 in one year, $7.43 in two years, and $3.05 in three years. The price of the stock is expected to be $54.78 in two years. The expected annual return for the stock is 15.20 percent. What is the current price of one share of XYZ stock? a. $49.83 (+ or - $0.05).
b. $51.82 (+ or - $0.05).
c. $46.38 (+ or - $0.05).
d. $49.30 (+ or - $0.05).
e. none of the above is within $0.05 of the correct answer.

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