Multiple Choice
You have decided to purchase shares of GHC but need an expected 12 percent rate of return to compensate for the perceived risk of such ownership.What is the maximum price you should pay per share if the company pays a constant $2.70 annual dividend per share?
A) $23.04
B) $22.50
C) $32.67
D) $34.29
E) $21.59
Correct Answer:
Verified
Correct Answer:
Verified
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