Multiple Choice
Intelligent Corp. (IC) pays an annual dividend of $2.00 per share. IC announced it will start to grow the dividend by 15% per year from now on. If IC's shareholders require a 20% return on common shares, what should one share of IC stock sell for?
A) $10.00
B) $11.50
C) $15.33
D) $40.00
E) $46.00
Correct Answer:

Verified
Correct Answer:
Verified
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