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$2.04 c) $2.49 0.23 0.3620 d) $2.71 0.2645 0.3042 IS e) $3.05 03448 3 - 3.07 -0. 0 3620 22. Langley Enterprises pays a constant

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$2.04 c) $2.49 0.23 0.3620 d) $2.71 0.2645 0.3042 IS e) $3.05 03448 3 - 3.07 -0. 0 3620 22. Langley Enterprises pays a constant dividend of $0.85 a share. The company announced today that it will continue to pay the dividend for another 2 years after which time all dividends will cease. What is one share of this stock worth today if the required rate of return is 16.5 percent? --dmin 0.85 0,85 a) $0.92 b) $1.36 c) $2.04 d) $2.09 e) $2.20 | 0 5 0.85

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