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Builtrite just paid a dividend of $2 a share and expects dividends to continue growing at 10% annually. Investors require a 16% rate of return
Builtrite just paid a dividend of $2 a share and expects dividends to continue growing at 10% annually. Investors require a 16% rate of return on Builtrite stock. What would you expect Builtrite stock to sell for?
$36.67 | ||
$33.33 | ||
$35.00 | ||
$38.75 |
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