A share of common stock has just paida dividend of 275 d0


A share of common stock has just paida dividend of $2.75 (D0). If the expected long run growth rate for this stock is 4 percent per year, and if investors require a 13 percent rate of return, what is the price of the stock? A. $30.91 B. $26.71 C. $27.50 D. $28.84 E. $31.78

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Financial Management: A share of common stock has just paida dividend of 275 d0
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