Multiple Choice
Constant Growth Stock Valuation Target Corp.(TGT) paid a $0.21 dividend per share in 2000,which grew to $0.52 in 2007.This growth is expected to continue.What is the value of this stock at the beginning of 2007 when the required rate of return is 14.77 percent?
A) $3.52
B) $55.32
C) $62.97
D) $63.49
Correct Answer:
Verified
Correct Answer:
Verified
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