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Do not do any interim rounding Fortinbras Holdings paid a dividend of $5.15 last year and the company anticipates this will grow at 2.50% for
Do not do any interim rounding
Fortinbras Holdings paid a dividend of $5.15 last year and the company anticipates this will grow at 2.50% for the foreseeable future. The appropriate discount rate (expect return) for the stock is 10.2%, Fortinbras' stock price is closest to:
A. $68.56.
B. $51.75.
C. $66.88.
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