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Lucky Business has just paid a dividend of $11.33 per share yesterday. The firm's shareholders have a required rate of return of 13.73% per annum
Lucky Business has just paid a dividend of $11.33 per share yesterday. The firm's shareholders have a required rate of return of 13.73% per annum and its dividends are forecast to grow at 1.38% per year in perpetuity. Based on the given information, the share price of Lucky Business today should be $ ______ per share.
a.
$91.74
b.
$65.10
c.
$76.02
d.
$73.95
e.
$74.41
f.
$83.71
g.
$93.01
h.
$102.31
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