Multiple Choice
Yesterday,Railway Tours paid its annual dividend of $1.20 per share.The company has been reducing the dividends by 10 percent each year.What is the value of this stock at a discount rate of 13 percent?
A) $4.70
B) $3.71
C) $8.31
D) $36.00
E) $27.00
Correct Answer:
Verified
Correct Answer:
Verified
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