Multiple Choice
A bank expects to pay a dividend of $3.45 next year and growth rate on dividends to be 7%.If the appropriate discount rate is 15%,what should the bank's stock price be in the market?
A) $23.00
B) $43.13
C) $46.14
D) $49.29
E) $24.61
Correct Answer:
Verified
Correct Answer:
Verified
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