Determine price of stock from dividend


Problem:

Singing Fish Fine Foods has a current annual cash dividend policy of $2.25. The price of the stock is set to yield a 12% return.

Required:

Question: What is the price of this stock if the dividend will be paid for 10 years?

Note: Please show the work not just the answer.

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Accounting Basics: Determine price of stock from dividend
Reference No:- TGS0888681

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