Question
Maple Drinks Corp. has just announced a dividend of $0.80 for this year and $0.835 for the next year. Dividends are expected to grow at
Maple Drinks Corp. has just announced a dividend of $0.80 for this year and $0.835 for the next year. Dividends are expected to grow at a constant rate indefinitely. What is the current share price if the required return is 13.1%?
$7.12
$9.35
$10.37
$8.55
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Melissa Hart
7th Edition
1265521972, 978-1265521974
