A company's current stock price is $48 per share, while investors' required return is 11.00%. If the
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Question:
A company's current stock price is $48 per share, while investors' required return is 11.00%. If the dividend for the year just ended is $4.00 per share, how much is the dividend in two years from today assuming a constant annual dividend growth?
Question 13 options:
A)$3.99
B)$4.09
C)$4.20
D)$4.30
E)$4.41
Related Book For
Financial management theory and practice
ISBN: 978-1439078099
13th edition
Authors: Eugene F. Brigham and Michael C. Ehrhardt
Posted Date: