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

question 225

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 last
Year.

• A) $35.86
• B) $36.16
• C) $36.46
• D) $36.76
• E) 37.07

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