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Citrus Support is a young start-up company that is currently retaining all of its earnings. The company plans to pay a $2 per share dividend
Citrus Support is a young start-up company that is currently retaining all of its earnings. The company plans to pay a $2 per share dividend in Year 7 and increase that dividend by 2.2 percent per year thereafter. What is the current share price if the required return is 16 percent?
Multiple Choice
$6.62
$8.59
$14.29
$11.78
$5.95
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