Share of Common Stock Just Paid a Dividend of $1

question 63

Multiple Choice

share of common stock just paid a dividend of $1.00.If the expected long-run growth rate for this stock is 5.4%, and if investors' required rate of return is 11.4%, what is the stock price?

• A)$16.28
• B)$16.70
• C)$17.13
• D)$17.57
• E)$18.01