Question
Assume that the growth rate (g) of Exxon's common dividend is 4% and itis required rate of return is 12%. Next year it will pay
Assume that the growth rate (g) of Exxon's common dividend is 4% and itis required rate of return is 12%. Next year it will pay a dividen of $1.50 per share. What would be the appropriate price for Exxon common stock?
O A.$12.7
O B. $13.7
O C.$14.7
O D.$15.7
O E. $16.7
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Principles Of Sustainable Finance
Authors: Dirk Schoenmaker, Willem Schramade
1st Edition
0198826605, 978-0198826606
