HiGlo's Common Stock Sells for $23

question 80

Multiple Choice

HiGlo's common stock sells for $23.50 and its earnings are expected to grow at a rate of 12% annually.What is the current dividend (D₀) for an investor who requires a 15% return?

• A)$0.71
• B)$0.63
• C)$0.34
• D)$0.31

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