In: Finance
Singing Fish Fine Foods has a current annual cash dividend policy of $2.00. The price of the stock is set to yield a return of 12%. What is the price of this stock if the dividend will be paid
a. for 12 years? $________ (Round to the nearest cent.)
b. for 16 years? $________ (Round to the nearest cent.)
c. for 42 years? $________ (Round to the nearest cent.)
d. for 50 years? $________ (Round to the nearest cent.)
e. for 100 years? $________ (Round to the nearest cent.)
f. forever? $________ (Round to the nearest cent.)