Question
A stock currently sells for $33.55 per share. The stocks dividend is projected to increase at a constant rate of 4.50% per year. The required
A stock currently sells for $33.55 per share. The stocks dividend is projected to increase at a constant rate of 4.50% per year. The required rate of return on the stock is 9.50%. What is the expected stock price 3 years from today?
(A) $28.68
(B) $33.50
(C) $34.81
(D) $38.29
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International Finance For Non Financial Managers
Authors: Dora Hancock
1st Edition
0749480017, 9780749480011
