TJ Corp Is Expected to Pay a Dividend of $3

question 6

Multiple Choice

TJ Corp. is expected to pay a dividend of $3.00 per year indefinitely. If the appropriate rate of return on this stock is 10 percent per year, and the stock consistently goes ex-dividend 45 days before the dividend payment date, what will be the expected minimum price in light of the dividend payment logistics?

• A) $3.70
• B) $26.68
• C) $29.65
• D) $30.00

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