Question
Lacrosse Equipment Company pays an annual dividend that is expected to increase by 3 percent per year. The stock commands a market rate of return
Lacrosse Equipment Company pays an annual dividend that is expected to increase by 3 percent per year. The stock commands a market rate of return of 11.5 percent and sells for $26.82 a share. What is the expected amount of the next dividend?
| $2.03 | ||
| $2.12 | ||
| $2.20 | ||
| $2.28 | ||
| $3.17 |
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Finance For Freelancers Financial Intelligence
Authors: Andrew Holmes
1st Edition
1408101165, 978-1408101162
