Question
Jumbo Trout stock just paid a $0.71 annual dividend, the dividends increase by 1.6 percent annually, and you require a 10 percent rate of return.
Jumbo Trout stock just paid a $0.71 annual dividend, the dividends increase by 1.6 percent annually, and you require a 10 percent rate of return. How much would you be willing to pay for one share of Jumbo Trout stock?
| $8.29 | ||
| $8.36 | ||
| $8.47 | ||
| $8.53 | ||
| $8.59 |
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Personal Finance
Authors: Jane King, Mary Carey
2nd Edition
0198748779, 9780198748779
