Answers
2 Cash flows $0.00 $0.00 $0.75 $1.04 $1.43 $11.43 pv @ 17% 0.85470 0.73051 0.62437 0.53365 0.45611 0.45611 Present value $0.00 $0.00 $0.47 $0.55 $0.65 $5.21 $6.88 Price at year 5 (1.43*1.04)/(0.17-0.04) Value of stock today
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