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A . You would receive $ 1 5 . 6 3 because markets are efficient and would incorporate the information about the new growth rate

A. You would receive $15.63 because markets are efficient and would incorporate the information about the new growth rate immediately.
B. You would receive $35.71 because when you bought the stock, the dividend growth rate was still 7.0%.
C. You would receive $35.71 if you act very quickly because it takes a day or two for markets to incorporate the information about the new growth rate
D. You would receive a price between $15.63 and $35.71 because you should get a blend of the old and new growth rate of dividends.
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