Question: What's the formula for this? Question 9 (1 point) A share of common stock just paid an annual dividend of $1.70. If the expected long-

What's the formula for this? Question 9 (1 point) A share

What's the formula for this?

Question 9 (1 point) A share of common stock just paid an annual dividend of $1.70. If the expected long- run annual dividend growth rate for this stock is 1% and investors require a 6% rate of return, what is the most an investor should pay for this stock today? Your Answer: A Answer Next Page Page 3 of 3

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