Question 20 A company has been paying the same amount of dividend each year for the past several years and is expected to continue with that level of dividend payment indefinitely. The stock is selling today for $77.81 per share. If the appropriate annual discount rate for this stock is 8.86 percent, how much is the annual dividend amount? $3.79 O $11.39 $8.27 O $6.89 O $71.48 1 pts Previous Next

A company has been paying the same amount of dividend each year for the past several years and is expected to continue with that level of dividend payment indefinitely. The stock is selling today for $77.81 per share. If the appropriate annual discount rate for this stock is 8.86 percent, how much is the annual dividend amount? $3.79 $11.39 $8.27 $6.89 $71.48