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Lucky Business has just paid a dividend of $19.29 per share yesterday. The firm's shareholders have a required rate of return of 13.36% per annum
Lucky Business has just paid a dividend of $19.29 per share yesterday. The firm's shareholders have a required rate of return of 13.36% per annum and its dividends are forecast to grow at3.64% per year in perpetuity. Based on the given information, the share price of Lucky Business today should be $ ______ per share.
Select one:
a.$198.46
b.$143.98
c.$117.60
d.$109.34
e.$164.54
f.$185.11
g.$205.68
h.$226.25
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