Multiple Choice
The Stiller Corporation will pay a $3.80 per share dividend next year.The company pledges to increase its dividend by 2.4 percent indefinitely.How much are you willing to pay to purchase this company's stock today if you require a 6.9 percent return on your investment?
A) $55.07
B) $63.09
C) $72.22
D) $78.47
E) $84.44
Correct Answer:
Verified
Correct Answer:
Verified
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