Multiple Choice
A firm is expected to pay a dividend of $3.00 next year and $3.21 the following year. Financial analysts believe the stock will be at their target price of $80.00 in two years. Compute the value of this stock with a required return of 13 percent.
A) $50.00
B) $67.52
C) $67.82
D) $86.21
Correct Answer:
Verified
Correct Answer:
Verified
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