Blasco Just Paid an Annual Dividend of $1

question 71

Multiple Choice

Blasco just paid an annual dividend of $1.63 a share.What is one share of this stock worth to you if the dividends increase by 3 percent annually and you require a rate of return of 14 percent?

• A)$12.40
• B)$11.99
• C)$10.54
• D)$15.26
• E)$11.64