What is the current price of Tummy Ache stock if it is expected to pay a dividend of $1.26 every quarter forever, the stock's expected return is 11.63% per year, and the next dividend is expected in 3 months? $43.34 (plus or minus 10 cents) $130.01 (plus or minus 10 cents) $10.83 (plus or minus 10 cents) $38.82 (plus or minus 10 cents) the answer cannot be obtained based on the given information

What is the current price of Tummy Ache stock if it is expected to pay a dividend of $1.26 every quarter forever, the stock's expected return is 11.63% per year, and the next dividend is expected in 3 months? $43.34 (plus or minus 10 cents) $130.01 (plus or minus 10 cents) $10.83 (plus or minus 10 cents) $38.82 (plus or minus 10 cents) the answer cannot be obtained based on the given information

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter5: Investment Decisions: Look Ahead And Reason Back

Section: Chapter Questions

Problem 5.2IP

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