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Question 29 (1 point) Pepper Corp. just paid $.90 dividends and is assumed to grow at 4% per year. The required return of the company
Question 29 (1 point) Pepper Corp. just paid $.90 dividends and is assumed to grow at 4% per year. The required return of the company is 12%. The present value of the first 60 dividend payments is $11.56. What is the present value of all the dividend payments from year 61 to infinity assuming the required return and the growth rate stay constant? $11.70 $.14 O None of the answers are correct $.34 $.22
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