Multiple Choice
A stock is expected to pay a $1.00 dividend per share. The growth rate is expected to be 4 percent. If investors demand 10 percent on this stock, what is the expected price of the stock 10 years from now?
A) $24.68
B) $22.17
C) $25.00
D) $26.93
Correct Answer:
Verified
Correct Answer:
Verified
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