Multiple Choice
The common stock of Textile Mills pays an annual dividend of $1.65 a share.The company has promised to maintain a constant dividend even though economic times are tough.How much are you willing to pay for one share of this stock if you want to earn a 12 percent annual return?
A) $13.75
B) $14.01
C) $14.56
D) $14.79
E) $15.23
Correct Answer:
Verified
Correct Answer:
Verified
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