Multiple Choice
ABC Imports paid a $1.00 per share annual dividend last week. Dividends are expected to increase by 5% annually. What is one share of this stock worth to you today if the appropriate discount rate is 14%?
A) $7.14
B) $7.50
C) $11.11
D) $11.67
E) $12.25
Correct Answer:
Verified
Correct Answer:
Verified
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