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GM has promised an annual dividend of $1.45 starting next year. This dividend will be paid until the end of year 12. At that point,
GM has promised an annual dividend of $1.45 starting next year. This dividend will be paid until the end of year 12. At that point, you expect that the stock will sell for $24.14. What is the fair price per share for GM? Assume that the appropriate discount rate is 7%. Group of answer choices $22.24 Correct answer is not available $32.45 $18.71 $26.99
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Fundamentals Of Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
2nd Edition
0324406363, 978-0324406368
