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A company is growing at a constant rate of 8 percent. Last week it paid a dividend of $3.00. If the required rate of return
A company is growing at a constant rate of 8 percent. Last week it paid a dividend of $3.00. If the required rate of return is 15 percent, what is the price of the share three years from now?
a. | $42.83. | |
b. | $46.29. | |
c. | $58.31. | |
d. | $51.02. | |
e. | $48.30. |
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