The Felix Corp

question 51

Multiple Choice

The Felix Corp.will pay an annual dividend of $1.00 next year.The dividend will increase by 12 percent a year for the following two years before growing at 4 percent indefinitely thereafter.If the required rate of return is 10 percent,what is the stock's current value?

• A)$13.38
• B)$14.05
• C)$19.11
• D)$9.80
• E)$10.38

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