Question
An issue of common stock's most recent dividend is $4.55. 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 $4.55. Its growth rate is 4.0%. What is its price if the market's rate of return is 7.0%? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Multiple Choice
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$75.83
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$156.67
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$161.67
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$157.73
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The Handbook Of Financial Instruments
Authors: Frank J. Fabozzi
1st Edition
0471220922, 978-0471220923
