Spooner Corporation's next dividend is expected to be $6 Dividend growth is estimated at 25%, 20%, 10%
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Question:
Spooner Corporation's next dividend is expected to be $6 Dividend growth is estimated at 25%, 20%, 10% and then stabilize to 3%. If the rate of return is 10%. determine the stock price today.
a). $124.67
b). $95.12
c). $95.42
d). $95.82
e). $96.12
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