Multiple Choice
Ancient Industries just paid a dividend of $1.03 a share.The company announced today that it expects to pay $.90 a share next year and a final liquidating dividend of $18.44 in two years.What is one share of this stock worth today if the required rate of return is 16 percent?
A) $14.94
B) $14.48
C) $13.23
D) $13.44
E) $13.60
Correct Answer:
Verified
Correct Answer:
Verified
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