Multiple Choice
Francis Inc.'s stock has a required rate of return of 10.25%,and it sells for $87.50 per share.The dividend is expected to grow at a constant rate of 6.00% per year.What is the expected year-end dividend,D1?
A) $3.72
B) $2.79
C) $4.65
D) $3.16
E) $3.90
Correct Answer:
Verified
Correct Answer:
Verified
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