What would you pay today for a stock that is expected to make a $2 dividend in
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Question:
What would you pay today for a stock that is expected to make a $2 dividend in one year if the expected dividend growth rate is 5% and you require a 12% return on your investment?
A) $28.57
B) $29.33
C) $31.43
D) $43.14
E) $54.30
Related Book For
Financial Markets and Institutions
ISBN: 978-0077861667
6th edition
Authors: Anthony Saunders, Marcia Cornett
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