Multiple Choice
Marshall Arts Studios just paid an annual dividend of $1.36 a share.The firm plans to pay annual dividends of $1.50,$1.55,and $1.58 over the next 3 years,respectively.After that time,the dividends will be held constant at $1.70 per share.What is this stock worth today at a 9 percent discount rate?
A) $14.08
B) $14.30
C) $16.67
D) $16.79
E) $18.49
Correct Answer:
Verified
Correct Answer:
Verified
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