Multiple Choice
Free Motion Enterprises paid a $2.20 per share annual dividend last week.Dividends are expected to increase by 3.75 percent annually.What is one share of this stock worth to you today if your required rate of return is 15 percent?
A) $19.06
B) $19.30
C) $19.56
D) $20.29
E) $20.59
Correct Answer:
Verified
Correct Answer:
Verified
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