Multiple Choice
Northern Railways has a current stock price of $56.75 and is expected to pay a dividend of $1.15 in one year.If Northern's equity cost of capital is 12%,what price would Northern's stock be expected to sell for immediately after it pays the dividend?
A) $57.65
B) $63.56
C) $62.41
D) $57.78
E) $55.60
Correct Answer:
Verified
Correct Answer:
Verified
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