Question: Question 4 5 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 4 5 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, 50 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 percent a year forever, then what is the current price of one share of the stock? a. An amount less than $64.40 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 $6740 e. An amount equal to or greater than 567.40
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