Multiple Choice
BC 'n D just paid its annual dividend of €.60 a share.The projected dividends for the next five years are €.30,€.50,€.75,€1.00,and €1.20,respectively.After that time,the dividends will be held constant at €1.40.What is this equity worth today at a 6% discount rate?
A) €20.48
B) €20.60
C) €21.02
D) €21.28
E) €21.43
Correct Answer:
Verified
Correct Answer:
Verified
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