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Big Spenders Inc. just paid a dividend of $1.50. The dividend is expected to be increased by 3% each ear. Current market conditions require a
Big Spenders Inc. just paid a dividend of $1.50. The dividend is expected to be increased by 3% each ear. Current market conditions require a return on assets of 12% for this risk. What should the current share price be?
Select one:
.
12.88
O b. 18.67
O c. 17.17
O d. 12.50
O . 16.67
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