Multiple Choice
Bechtel Machinery stock currently sells for $65 per share.The market requires a 14 percent return on the firm's stock.The company maintains a constant 8 percent growth rate in dividends.What was the most recent annual dividend per share paid on this stock?
A) $3.00
B) $3.61
C) $3.67
D) $3.75
E) $3.91
Correct Answer:
Verified
Correct Answer:
Verified
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