Question
8) Sam Houston Inc. currently pays an annual dividend of $5. The dividend is expected to grow at a constant rate of 5%. If the
8) Sam Houston Inc. currently pays an annual dividend of $5. The dividend is expected to grow at a constant rate of 5%. If the interest rate is 10%, what is the current stock price?
| A. | $100 | |
| B. | $105 | |
| C. | $110 | |
| D. | $115 |
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Essentials Of Corporate Finance
Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan
9th International Edition
1259254801, 9781259254802
