Miller Juice,Inc

question 31

Multiple Choice

Miller Juice,Inc.is not paying a dividend right now,but is expected to pay a $4.56 dividend two years from now.Investors expect that dividend to grow by 4% every year forever.If the required return on the stock investment is 14%,what should be the price of Miller Juice stock today?

• A) $53.69
• B) $36.49
• C) $47.42
• D) $43.84

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