Question: question 28 MULTIPLE CHOICE Super Sounds is expecting a period of intense growth and has decided to retain more of their earnings to help finance

question 28
question 28 MULTIPLE CHOICE Super Sounds is expecting a period of intense

MULTIPLE CHOICE Super Sounds is expecting a period of intense growth and has decided to retain more of their earnings to help finance that growth. As a result, they are going to reduce the annual dividend by 20 percent a year for the next three years. After that they will maintain a constant dividend of $1 a share. Last year, the company paid $2.25 as the annual dividend per share. What is the market value of this stock if the required rate of return is 16 percent? $11.23 $8.08 $6.63 $9.61 $7.36 28 of 30 22 23 25 26 27 24 28 > K 30 15,457 MAY W 21 MacBook Air

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