You Are Considering Purchasing a Share of Cass Inc

question 97

Multiple Choice

You are considering purchasing a share of Cass Inc. stock today for $75.00. You forecast no dividend payment this year but two years from today, you expect a $10 dividend. You plan to sell the stock immediately after receiving the dividend. If you want a return of 15% on the investment, how much must your forecast of the stock price be two years from today?

• A)$ 89.19
• B)$ 92.57
• C)$ 99.19
• D)$102.57
• E)$112.57

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