Multiple Choice
What would you pay today for a stock that is expected to make a $1.50 dividend in one year if the expected dividend growth rate is 3% and you require a 16% return on your investment?
A) $11.54
B) $12.33
C) $12.43
D) $13.14
E) $14.30
Correct Answer:
Verified
Correct Answer:
Verified
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