Question: Fix it corp. is going to pay .50, .80. and 1.20 a share over the next three years, respectively. After that, the company has stated

Fix it corp. is going to pay .50, .80. and 1.20 a share over the next three years, respectively. After that, the company has stated that the annual dividend will be $1.40 per share indefinitely. What is the stock woreth to you per share if you demand a 11.4 percent rate of return on stocks of this type?

a) $10.15

b) $12.28

c) $6.53

d) 9.75

e) 10.84

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