The stock of Sedly Inc. is expected to paythe following dividends. Dividends: Year 1: $2.25 year...

The stock of Sedly Inc. is expected to paythe following dividends. Dividends: Year 1: $2.25 year 2: $3.60 year 3: $1.70 . year 4: $2.00 At the end of the fourth year its value is expected to be $37.70. What should Sedly sell for today if the return on stocks of similar risk is 11.924%? Round PVF values in intermediate calcualtions to four decimal places. Round the answer to two decimal places.

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Expert Solution

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

AS TOLD, PVF VALUES ARE ROUNDED TO 4 DECIMALS.

IF WE DO NOT ROUND PVF VALUES, ANSWER MAY DIFFER BY 1-2 CENT

jeff jeffy answered 4 months ago

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