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HiGlo's Common Stock Sells for $23

Question 57

Multiple Choice

HiGlo's common stock sells for $23.50, and its earnings are expected to grow at a rate of 12% annually. What is the current dividend (Do) for an investor who requires a 15% return?


A) $0.71
B) $0.63
C) $0.34
D) $0.31

Correct Answer:

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