Bechtel Machinery Stock Currently Sells for $50 Per Share

question 77

Multiple Choice

Bechtel Machinery stock currently sells for $50 per share. The market requires a 15 percent return on the firm's stock. The company maintains a constant 8 percent growth rate in dividends. What was the most recent annual dividend per share paid on this stock?

• A)$3.00
• B)$3.24
• C)$3.50
• D)$3.67
• E)$3.91

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