Question: Question 21 (1 point) MMC expects to pay its first dividend at the end of the year. The first dividend is expected to be $0.25

Question 21 (1 point) MMC expects to pay its first dividend at the end of the year. The first dividend is expected to be $0.25 and the second $1.15. Then, dividends are expected to grow at 3% thereafter. Given a required return of 10%, what should the value of the stock be today? a) 10.81 Ob) 22.61 Oc) 23.73 d) 15.16 e) 47.19

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