Multiple Choice
A stock is expected to pay a $4.00 dividend per share. The growth rate is expected to be −1 percent. If investors demand 8 percent on this stock, what is the expected price of the stock three years from now?
A) $54.68
B) $52.17
C) $41.06
D) $43.12
Correct Answer:
Verified
Correct Answer:
Verified
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