Goode Inc'S Stock Has a Required Rate of Return of 11

question 24

Multiple Choice

Goode Inc.'s stock has a required rate of return of 11.50%,and it sells for $29.00 per share.Goode's dividend is expected to grow at a constant rate of 7.00%.What was the last dividend,D₀?

• A) $0.95
• B) $1.38
• C) $1.37
• D) $1.22
• E) $1.06

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