Arcs and Triangles paid an annual dividend of $1.47 a share last month. The company is planning
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Question:
Arcs and Triangles paid an annual dividend of $1.47 a share last month. The company is planning on paying $1.52, $1.58, and $1.60 a share over the next three years, respectively. After that, the dividend will be constant at $1.65 per share per year.What is the market price of this stock if the market rate of return is 12 percent?
a. 13.98
b 14.07
c. 13.54
d. 14.16
e. 15.01
Related Book For
Financial Algebra advanced algebra with financial applications
ISBN: 978-0538449670
1st edition
Authors: Robert K. Gerver
Posted Date: