Multiple Choice
The common stock of Big Birds Unlimited has a required return of 8 % and a growth rate of 4 %. The last annual dividend was $.60 a share. What is the current price of this stock?
A) $7.50
B) $7.80
C) $10.00
D) $15.00
E) $15.60
Correct Answer:
Verified
Correct Answer:
Verified
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