Question: During the past 5 years, Mae' Corp. ' dividends have grown from 51.90 to $3.00 per shure. If the past growth rates are expected to

During the past 5 years, Mae' Corp. ' dividends have grown

During the past 5 years, Mae' Corp. ' dividends have grown from 51.90 to $3.00 per shure. If the past growth rates are expected to continue into the future, what is the current value of Mac's common stock to an investor who requires 15% rate of return? $55.20 $60.48 $47.32 $52.40

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