Question
Bakers Delight just paid an annual dividend of $1.60 a share. The dividend will increase by 4 percent for the next four years and then
Bakers Delight just paid an annual dividend of $1.60 a share. The dividend will increase by 4 percent for the next four years and then increase by 3 percent annually thereafter. What is the present value of this stock at a discount rate of 14 percent?
| A. $13.87 |
| B. $15.49 |
| C. $17.08 |
| D. $19.30 |
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Governance Of Financial Management
Authors: John Carver, Miriam Carver
1st Edition
0470392541, 9780470392546
