Question
An issue of common stock's most recent dividend is $4.15. Its growth rate is 4.0%. What is its price if the market's rate of return
An issue of common stock's most recent dividend is $4.15. Its growth rate is 4.0%. What is its price if the market's rate of return is 9.1%? (Do not round intermediate calculations. (Round your answer to 2 decimal places.)
A) $91.37
B) $84.63
C) $40.69
D) $86.37
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
11th edition
324422870, 324422873, 978-0324302691
