Question
Alvarez Industries stock currently sells for $30 a share. It just paid a dividend of $1.74 a share (that is, D 0 = $1.74). The
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Alvarez Industries stock currently sells for $30 a share. It just paid a dividend of $1.74 a share (that is, D 0 = $1.74). The dividend is expected to grow at a constant rate of 6.7 percent a year. What stock price is expected 1 year from now?
a. $32.01
b. $28.12
c. $32.97
d. $30.00
e. $33.87
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International Project Finance
Authors: Felix I. Lessambo
1st Edition
3030963896, 978-3030963897
