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Cigna Corporation expects to pay a dividend of $10 per share next year, and the dividend payout ratio is 40%. If dividends are expected
Cigna Corporation expects to pay a dividend of $10 per share next year, and the dividend payout ratio is 40%. If dividends are expected to grow at a constant rate of 16% forever, and the required rate of return on the stock is 24%, calculate the present value of growth opportunities (PVGO). $20.83. $83.33. $31.25. $55.56.
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Introduction To Derivatives And Risk Management
Authors: Don M. Chance, Robert Brooks
10th Edition
130510496X, 978-1305104969
