Multiple Choice
You want to purchase some shares of JJ Farms stock but need a rate of return of 17.5 percent to compensate for the perceived risk. What is the maximum you are willing to pay per share for this stock if the company pays a constant $2.43 annual dividend per share?
A) $11.11
B) $13.89
C) $9.26
D) $7.20
E) $8.47
Correct Answer:
Verified
Correct Answer:
Verified
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