Company b is expected to pay dividends of 12 every 6 months, Financial Management

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Company b is expected to pay dividends of 12 every 6 months

Company B is expected to pay dividends of $1.2 every 6 months for the next 3 years. If the current price of Company B stock is $22.6, and Company B's equity cost of capital is 18%. What price would you expect the stock to sell for at the end of 3 years?

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Financial Management: Company b is expected to pay dividends of 12 every 6 months

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Financial Management: Company b is expected to pay dividends of 12 every 6 months

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