A company's dividend grows at a constant rate of 4 percent p.a.. Last week it paid a
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Question:
A company's dividend grows at a constant rate of 4 percent p.a.. Last week it paid a dividend of $6.94. If the required rate of return is 13 percent p.a., what is the price of the share4 years from now? (round to nearest cent)
Select one:
a.$93.82
b.$90.21
c.$57.54
d.$130.76
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