Cook Pharmaceuticals Plans to Pay $1

question 56

Multiple Choice

Cook Pharmaceuticals plans to pay $1.55 per share in dividends in the coming year.If its equity cost of capital is 8%,and dividends are expected to grow by 3% per year in the future,what is the value of Cook's stock?

• A)$31.00
• B)$19.38
• C)$51.67
• D)$28.70
• E)$55.80

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