A Share of Common Stock Just Paid a Dividend of $1.00.If

question 83

Multiple Choice

A share of common stock just paid a dividend of $1.00.If the expected long-run growth rate for this stock is 5.4%,and if investors' required rate of return is 10.2%,then what is the stock price?

• A) $23.93
• B) $21.96
• C) $24.37
• D) $23.50
• E) $16.47

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