Multiple Choice
Avril Synchronistics will pay a dividend of $1.20 per share this year. It is expected that this dividend will grow by 3% each year in the future. What will be the current value of a single share of Avril's stock if the firm's equity cost of capital is 16%?
A) $6.46
B) $6.92
C) $9.23
D) $10.15
Correct Answer:
Verified
Correct Answer:
Verified
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