Multiple Choice
Douglass Gardens pays an annual dividend that is expected to increase by 3.6 percent per year.The stock commands a market rate of return of 12.6 percent and sells for $28.50 a share.What is the expected amount of the next dividend?
A) $2.03
B) $2.57
C) $3.17
D) $2.20
E) $2.28
Correct Answer:
Verified
Correct Answer:
Verified
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