Multiple Choice
DOC just paid a dividend of $.46 a share.The dividends are expected to increase by 30 percent a year for the next 2 years and then increase by 2 percent annually thereafter.What is the current value of a share if the appropriate discount rate is 15 percent?
A) $5.72
B) $6.91
C) $5.38
D) $6.26
E) $6.42
Correct Answer:
Verified
Correct Answer:
Verified
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