Mimico's stock is selling today for $16.40 per share and has a total rate of return of
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Question:
Mimico's stock is selling today for $16.40 per share and has a total rate of return of 10.70%. The annual dividends are increasing at a rate of 1.60% indefinitely. How much is the expected dividend per share next year?
a.$2.24
b.$1.49
c.$1.24
d.$1.75
e.$0.75
Related Book For
Foundations of Finance The Logic and Practice of Financial Management
ISBN: 978-0132994873
8th edition
Authors: Arthur J. Keown, John D. Martin, J. William Petty
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