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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 407 Weeks Ago, 6 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Taxes and Stock Price You own $100,000 worth of Smart Money stock. One year from now, you will receive a dividend of $1.80 per share. You will receive a $2.20 dividend two years from now. You will sell the stock for $75 per share three years from now. Dividends are taxed at the rate of 28 percent. Assume there is no capital gains tax. The required after tax rate of return is 9 percent. How many shares of stock do you own?
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Q
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