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KL Airlines paid an annual dividend of $1.42 a share last month.The company is planning on paying $1.50, $1.75, and $1.80 a shareover the next
KL Airlines paid an annual dividend of $1.42 a share last month.The company is planning on paying $1.50, $1.75, and $1.80 a shareover the next 3 years, respectively. After that, the dividend willbe constant at $2 per share per year. What is the market price ofthis stock if the market rate of return is 10.5 percent?
| $15.98 | |
| $16.07 | |
| $18.24 | |
| $21.16 | |
| $24.10 |
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Entrepreneurial Finance
Authors: Philip J. Adelman; Alan M. Marks
6th edition
9780133099096, 133140512, 133099091, 978-0133140514
