Ashley is considering the purchase of a stock that has just paid a dividend of $0.72, today.

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Ashley is considering the purchase of a stock that has just paid a dividend of $0.72, today. The dividend is expected to grow at a rate of 2.8 percent per year and the market requires a return of 8% on assets of similar risks. What is the price that Ashley should pay for this stock?

$14.23

$17.13

$10.28

$17.57

Posted Date: Jul 11, 2024 10:04 AM

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Ashley is considering the purchase of a stock that has just paid a dividend of $0.72, today.

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