The common stock of Big Birds Unlimited has a required return of 8 percent and a growth
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Question:
The common stock of Big Birds Unlimited has a required return of 8 percent and a growth rate of 4 percent. The last annual dividend was $.60 a share. What is the current price of this stock?
A. $7.50
B. $7.80
C. $10.00
D. $15.00
E. $15.60
Related Book For
Foundations of Finance The Logic and Practice of Financial Management
ISBN: 978-0132994873
8th edition
Authors: Arthur J. Keown, John D. Martin, J. William Petty
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