Investors require a return of 108 percent on the companys


Knightmare, Inc., will pay a dividend of $6.95, $11.05, and $14.25 per share for each of the next three years, respectively. The company will then close its doors. Investors require a return of 10.8 percent on the ompany's stock. What is the current stock price?

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Financial Management: Investors require a return of 108 percent on the companys
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