Question
. ABC, Inc. just paid its annual dividend yesterday of $9 per share, and it is widely expected that the dividend will increase by 5%
. ABC, Inc. just paid its annual dividend yesterday of $9 per share, and it is widely expected that the
dividend will increase by 5% per year indefinitely. If the discount rate is 12%, what price should the stock
sell at?
A. $134.00
B. $135.00
C. $136.00
D. $137.00
E. None of the above
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Double Your Profits In Six Months Or Less
Authors: Bob Fifer
1st Edition
088730740X, 9780887307409
