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QUESTION 10 The Havard Heating Company has been very successful in the past four years. Over these years, it paid common stock dividend of $4
QUESTION 10 The Havard Heating Company has been very successful in the past four years. Over these years, it paid common stock dividend of $4 in the first year, $4.15 in the second year, $4.35 in the third year, and its most recent dividend was $4.58. The company wishes to continue this dividend growth indefinitely. What is the value of the company's stock if the required rate of return is 10 percent? O A. $40.79 $68.72 OB. 0 C. $69.85 OD. $88.72
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