Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Proctor & Gamble stockis selling for $85 a share and has a 17 percent rate of return. The growth rate of the dividends is 12

Proctor & Gamble stockis selling for $85 a share and has a 17 percent rate of return. The growth rate of the dividends is 12 percent annually. What is the amount of the next dividend?

Select one:

a.$1.38

b.$1.45

c.$1.52

d.$4.25

e.$4.34

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Changing Geography Of Banking And Finance

Authors: Pietro Alessandrini ,Michele Fratianni ,Alberto Zazzaro

1st Edition

1441947205, 978-1441947208

Students also viewed these Finance questions

Question

Explain the effects of each motive on sport consumption.

Answered: 1 week ago

Question

Identify and describe the different kinds of sport consumers.

Answered: 1 week ago