Question
Clarke Inc. paid the dividends, shown in the table below, over the past 5 years. The firm's dividend per share next year is expected to
Clarke Inc. paid the dividends, shown in the table below, over the past 5 years. The firm's dividend per share next year is expected to be $6.04
Year 2007 2008 2009 2010 2011 2012
Dividend per share $4.50 $4.74 $4.92 $5.20 $5.52 $5.74
If you could earn 11% on a similar-risk investment, what is the most you would be willing to pay per share?
A. 115.00
B. 96.48
C. 130.26
D. 100.50
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Financial Management Core Concepts
Authors: Raymond M Brooks
3rd edition
133866696, 978-0133866698
