Question: 27. If expected dividends grow at 8% and the appropriate discount rate is 11%, what is the value of a stock with an expected dividend

27.

If expected dividends grow at 8% and the appropriate discount rate is 11%, what is the value of a stock with an expected dividend of $2.75? (Round your answer to 2 decimal places.)

$91.67

$92.67

$137.50

$45.83

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