Pace Enterprises' Common Stock Sells for $29, and Its Dividends

question 154

Multiple Choice

Pace Enterprises' common stock sells for $29, and its dividends are expected to grow at a rate of 9 percent annually. If investors in Pace require a return of 14%, what is the expected dividend next year?

• A)$1.33
• B)$2.40
• C)$1.45
• D)$1.60

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Definitions:

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