Question: Question 26 3 points Save Answ McCracken Roofing , Inc., common stock paid a dividend of $1.20 last year. The company expects earnings and dividends

Question 26 3 points Save Answ McCracken Roofing , Inc., common

Question 26 3 points Save Answ McCracken Roofing , Inc., common stock paid a dividend of $1.20 last year. The company expects earnings and dividends to grow at a rate of 5% per year for the foreseeable future. If the required return on this stock is 10 % what is the price per share? $18.40 a. $12.60 b. $24.00 C. $12.00 d. $25.20 e

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