Multiple Choice
A firm recently paid a $0.50 annual dividend. The dividend is expected to increase by 10 percent in each of the next three years. In the third year, the stock price is expected to be $110. If the required return is 15 percent, what is its value?
A) $62.53
B) $68.95
C) $73.71
D) $78.67
Correct Answer:
Verified
Correct Answer:
Verified
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