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A stock has a constant dividend of $3.25 per year forever. Your required rate of return is 9%. How much would you pay today for
A stock has a constant dividend of $3.25 per year forever. Your required rate of return is 9%. How much would you pay today for this stock?
- A. $30.00
- B. $36.11
- C. $41.67
- D. $52.40
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Personal Finance
Authors: Megan Noel, Dan French
2nd Edition
1465246479, 9781465246479
