Multiple Choice
Kellner Motor Co.'s stock has a required rate of return of 11.50%, and it sells for $25.00 per share. Kellner's dividend is expected to grow at a constant rate of 7.00%. What was the last dividend, D0?
A) $0.95
B) $1.05
C) $1.16
D) $1.27
E) $1.40
Correct Answer:
Verified
Correct Answer:
Verified
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