FINANCE-Coolibah Holdings is expected to pay dividends of $1.20 every six months
QUESTION
Coolibah Holdings is expected to pay dividends of $1.20 every six months for the next three years. If the current price of Coolibah stock is $22.60, and Coolibah’s equity cost of capital is 18%, what price would you expect Coolibah’s stock to sell for at the end of three years?
ANSWER:
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