Multiple Choice
Angelina's made two announcements concerning its equity today.First,the company announced that its next annual dividend has been set at €2.16 a share.Secondly,the company announced that all future dividends will increase by 4% annually.What is the maximum amount you should pay to purchase a share of Angelina's share if your goal is to earn a 10% rate of return?
A) €21.60
B) €22.46
C) €27.44
D) €34.62
E) €36.00
Correct Answer:
Verified
Correct Answer:
Verified
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