Question
Inst Inc. paid an annual dividend of $2 per share this year. The company just announced that future dividends will be increasing by 0.75 percent
Inst Inc. paid an annual dividend of $2 per share this year. The company just announced that future dividends will be increasing by 0.75 percent annually. How much are you willing to pay for one share of this stock if you require a rate of return of 12 percent?
Group of answer choices
A. $17.91
B. -5.55
C. $.17
D. $.31
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Bond Markets Analysis And Strategies
Authors: Frank J. Fabozzi, Francesco A. Fabozzi
10th Edition
026204627X, 978-0253337535
