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A stock pays a dividend of $1.50 per share per year, starting in one year, and is expected to pay this amount forever. If the
A stock pays a dividend of $1.50 per share per year, starting in one year, and is expected to pay this amount forever. If the stocks expected return is 13.5%, what is the price of the stock?
1.50 | ||
11.11 | ||
21.43 | ||
50.00 |
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