Multiple Choice
Hurricane Shutters Inc.paid a dividend of $1.30 yesterday.The next dividend will be in one year and is expected to be $1.50.After that,dividends are expected to grow at a constant 15 percent forever.The discount rate for Hurricane Shutters Inc.is 25 percent.What should be the market price of the stock?
A) $17.25
B) $15.00
C) $13.20
D) $13.80
E) $18.75
Correct Answer:
Verified
Correct Answer:
Verified
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