Question
#6) Maple Drinks Corp. has just announced a dividend of $0.80 for this year and $0.835 for the next year. Dividends are expected to grow
#6) Maple Drinks Corp. has just announced a dividend of $0.80 for this year and $0.835 for the next year. Dividends are expected to grow at a constant rate indefinitely. What is the current share price if the required return is 13.1%?
A) $7.12
B) $9.35
C) $10.37
D) $8.55
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Corporate Finance Reader
Authors: Robert W. Kolb
2nd Edition
1878975536, 978-1878975539
