Francis Inc

question 22

Multiple Choice

Francis Inc.'s stock has a required rate of return of 10.25%,and it sells for $87.50 per share.The dividend is expected to grow at a constant rate of 6.00% per year.What is the expected year-end dividend,D₁?

• A) $3.72
• B) $2.79
• C) $4.65
• D) $3.16
• E) $3.90

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Definitions:

Ethnocentrism

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