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Christianson's Hearty Restaurants currently pays a $2.00 common stock dividend. Dividends have been recently growing at a 5 percent annual rate and are expected to
Christianson's Hearty Restaurants currently pays a $2.00 common stock dividend. Dividends have been recently growing at a 5 percent annual rate and are expected to continue growing at this rate for the foreseaable future. What is the current value of the restaurant's common stock to an investor who require the following rates of return? a. 18% b. 12% c. 7% A.
a. 16.15 b. 30.00 c. 100.00
B. a. 16.15 b. 30.00 c. 105.00 | |
C. a. 15.15 b. 100.00 c. 105.00 | |
D. a. 16.15 b. 100.00 c. 105.00 |
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