Question
PEP Inc. paid an annual dividend last year of $2 per share. The company follows a policy to raise dividends each year by 4%. The
PEP Inc. paid an annual dividend last year of $2 per share. The company follows a policy to raise dividends each year by 4%.
The company will be in business for 12 years and not have a liquidating dividend. The required rate of return for this investment is 8%.
What is the price of this stock today.
A. 18.94
B. 18.21
C. 50.00
D. 52.00
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Revealing The Invisible How Our Hidden Behaviors Are Becoming The Most Valuable Commodity Of The 21st Century
Authors: Thomas Koulopoulos ,George Achillias
1st Edition
1682616193, 978-1682616192
