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Flo's Flowers Pays an Annual Dividend That Increases by 1

Question 17

Multiple Choice

Flo's Flowers pays an annual dividend that increases by 1.8 percent per year, commands a market rate of return of 13.8 percent, and sells for $19.08 a share. What is the expected amount of the next dividend?


A) $2.24
B) $2.29
C) $2.37
D) $2.32
E) $2.17

Correct Answer:

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