Avril Synchronistics Will Pay a Dividend of $1

question 1

Multiple Choice

Avril Synchronistics will pay a dividend of $1.30 per share this year.It is expected that this dividend will grow by 5% each year in the future.What will be the current value of a single share of Avril's stock if the firm's equity cost of capital is 14%?

• A)$9.23
• B)$9.28
• C)$14.44
• D)$15.16

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First-born Son

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