XYZ Corporation's Next Dividend Is Expected to Be $3 Per

question 289

Multiple Choice

XYZ Corporation's next dividend is expected to be $3 per share. Dividend growth rate has been at 2% and expected to be so into the future. If investor's return is 10%, calculate the stock price four
Years ago.

• A) $33.44
• B) $33.74
• C) $34.04
• D) $34.34
• E) $34.64