Multiple Choice
Assume Zero-Sum Enterprise pays an annual dividend of $1.40 per share and that neither earnings nor dividends are expected to grow in the future.What is the value of Zero-Sum's stock to an investor who requires a 14 percent rate of return?
A) $14.00
B) $10.00
C) $20.00
D) 0
Correct Answer:
Verified
Correct Answer:
Verified
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