Multiple Choice
Your friend has recommended that you purchase stock in company XYZ.It is expected to pay a $4 dividend,and has historically grown at 5%.If the required rate of return is 12%,what is the estimated value of a share of XYZ stock?
A) $23.53
B) $33.34
C) $57.14
D) $80.00
Correct Answer:
Verified
Correct Answer:
Verified
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