Question: Question 1 S points Save Answer If 1) the expected return for XYZ stock is 9.5 percent; 2) the dividend is expected to be $4.38
Question 1 S points Save Answer If 1) the expected return for XYZ stock is 9.5 percent; 2) the dividend is expected to be $4.38 in one year, 54.62 in two years. $0 in three years, and $3.81 in four years; and 3) after the dividend is paid in four years, the dividend is expected to begin growing by 45 percenta year forever, then what is the current price of one share of the stock? a. An amount less than 564.40 b. An amount between $64.40 and just less than $65.40 c. An amount between $65.40 and just less than $66.40 d. An amount between $66.40 and just less than $67.40 e. An amount equal to or greater than $67.40
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