Multiple Choice
Farm Machinery stock currently sells for $54.80 per share. The market required return is 14.2 percent while the company maintains a constant 3 percent growth rate in dividends. What was the most recent annual dividend per share paid on this stock?
A) $6.14
B) $5.96
C) $6.08
D) $5.99
E) $5.87
Correct Answer:
Verified
Correct Answer:
Verified
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