Multiple Choice
Muttly Engineering announced this morning that its next annual dividend will be decreased to $2.45 a share and that all future dividends will be decreased by an additional 1.45 percent annually.What is the current value per share if the required return is 19.5 percent?
A) $10.33
B) $11.69
C) $11.89
D) $11.41
E) $11.95
Correct Answer:
Verified
Correct Answer:
Verified
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