Question

Deluxe company expects to pay a dividend of $2 per share at the end of year 1, $3 per share at the end of year 2, and then be sold for $32 per share at the end of year 2. if the required rate of return on the stock is 15 percent, what is the current value of the stock?

Answer 1

so what you do is add and multiply them like add the whole thing then multiply then boomb then theres your answer :) happy to help