14) builtrite company has been generating stable revenues but sees no growth in it for the foreseeable
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Question:
14) builtrite company has been generating stable revenues but sees no growth in it for the foreseeable future. the company's last dividend was $3.25, and it is unlikely to change the amount paid out. if the required rate of return is 12 percent, what is the stock worth today?
$39.00
$3.69
$27.08
$21.23
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