Multiple Choice
Rylan Industries is expected to pay a dividend of $5.70 year for the next four years. If the current price of Rylan stock is $31.27, and Rylan's equity cost of capital is 12%, what price would you expect Rylan's stock to sell for at the end of the four years?
A) $21.96
B) $39.53
C) $17.57
D) $61.49
Correct Answer:
Verified
Correct Answer:
Verified
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