Question 6 Not yet answered Last year, XYZ Company paid a dividend of $1.65. It expects zero growth in the next year. In years 2 and 3,3% growth is expected, and in year 4,6% growth. In year 5 and thereafter, growth should be a constant 5% per year. What is the maximum price per share that an investor who requires a return of 11% should pay for XYZ common stock? Marked out of 4.00 P Flag question Select one: O a. $22.51 O b. $21.10 O c. $20.32 d. $24.33 O e. $26.76 Previous page Next pag Type here to search