Annuity Valuation

Cornwing Company pays a dividend of $ 5.00 on continuing its actions. The Company will maintain the dividend for the next 15 years and then stop paying dividends forever. If the performance required for this stock is 15%, what is the current share?

Note: I know this isn't life so I used the formula annuity, but not yet to come up w / the right answer ....
suggestions??

using the financial calculator;

PMT = $ 5
i / year = 15%
n = 15

and thus your present value of the shares is $ 29.24.

It is easy when you have a financial calculator ... Go Instruments Texus!

What is the PV of the cash flow discounted at 15%? tba

eat cheetos.