Question
Kellner Motor Co.'s stock has a required rate of return of 12.50%, and it sells for $25.00 per share. Kellner's dividend is expected to grow
Kellner Motor Co.'s stock has a required rate of return of 12.50%, and it sells for $25.00 per share. Kellner's dividend is expected to grow at a constant rate of 6.00%. What was the last dividend, D0? Remember, give D0, not D1.
| $0.95 | ||
| $1.05 | ||
| $1.16 | ||
| $1.22 | ||
| $1.53 |
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The Option Trader Handbook
Authors: George Jabbour
2nd Edition
0470481617, 978-0470481615
