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Assume that a companys dividends per share are projected to grow at 2% each year, its recently paid dividends per share was $1.20, and its
Assume that a companys dividends per share are projected to grow at 2% each year, its recently paid dividends per share was $1.20, and its cost of equity capital is 5%. The companys per-share stock price is close to
A) $24 | ||
B) $40 | ||
C) $48 | ||
D) $50 |
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