Multiple Choice
Bentham Books pays annual dividends and has just paid this year's dividend of $0.65.If its equity cost of capital is 12%,and dividends are expected to grow by 3% per year in the future,what is the value of Bentham's stock?
A) $5.42
B) $7.22
C) $7.44
D) $21.67
E) $5.58
Correct Answer:
Verified
Correct Answer:
Verified
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