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QUESTION 20 You are trying to determine the appropriate price to pay for a share of common stock. If you purchase the stock, you plan

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QUESTION 20 You are trying to determine the appropriate price to pay for a share of common stock. If you purchase the stock, you plan to hold it for 1 year. At the end of the year you expect to receive a dividend of $6.00 and to sell the stock for $162. The appropriate rate of retum for this stock 8 15 percent. What should be the current price of this stock? O $133.27 O $130.52 O $137.39 $134.64 $136.02

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