Multiple Choice
A stock is expected to pay a dividend of $0.75 at the end of the year.The required rate of return is rs = 10.5%,and the expected constant growth rate is g = 8.2%.What is the stock's current price?
A) $27.39
B) $29.02
C) $32.61
D) $38.80
E) $27.07
Correct Answer:
Verified
Correct Answer:
Verified
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