Multiple Choice
A share of common stock has just paid a dividend of $3.00. If the expected long-run growth rate for this stock is 5 percent, and if investors require an 11 percent rate of return, what is the price of the stock?
A) $50.00
B) $50.50
C) $52.50
D) $53.00
Correct Answer:
Verified
Correct Answer:
Verified
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