Investors require a 14% return on a common stock that is expected to pay a $9 dividend
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Question:
Investors require a 14% return on a common stock that is expected to pay a $9 dividend next year and to grow at 3% per year thereafter. This stock has a value of
A. $ 80.80.
B. $ 81.82.
C. $100.00.
D. $124.60.
Expert Answer:
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