Question
A stock paid a $1.00 dividend last year that will grow by 7% per year. You require an 11% return and you expect the stock
A stock paid a $1.00 dividend last year that will grow by 7% per year. You require an 11% return and you expect the stock price to be $62 in 4 years. What is the stocks value today?
A.$66.75
B.$65.65
C.$52.12
D.$40.84
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Canadian Income Taxation Planning And Decision Making
Authors: Joan Kitunen, William Buckwold
17th Edition 2014-2015 Version
1259094332, 978-1259094330
