Lapidus Restaurants Incorporated currently pays a $5.00 common stock dividend. The dividend is expected to remain at

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Question:

Lapidus Restaurants Incorporated currently pays a $5.00 common stock dividend. The dividend is expected to remain at $5.00 and not expected to grow in the future. What is the current value of Lapidus Restaurants common stock to an investor requiring an 11% rate of return?

A. $100.00

B. $83.33

C. $50.45

D. $45.45