You Estimate the Following Cash Flows for Nick's Incorporated: D₁=$0

question 55

Multiple Choice

You estimate the following cash flows for Nick's Incorporated: D₁=$0.83,D₂=$0.87,D₃=$0.96,and P₃=$27.40.If the required return to hold Nick's stock is 15.1%,what is the price today for Nick's stock?

• A) $18.31
• B) $18.85
• C) $19.98
• D) $20.35

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