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Shareholders of Moelis & Company (ticker symbol: MC) just received an annual dividend of $2.60 per share. During the next 4 years, as a result
Shareholders of Moelis & Company (ticker symbol: MC) just received an annual dividend of $2.60 per share. During the next 4 years, as a result of the strong momentum and positive outlook in their business, Moelis & Company expects its annual dividend to grow by 19% per year. Afterward, Moelis expects to grow at a constant annual rate of 3%. If you require an 8.10% rate of return, how much will you pay today for one share of Moelis & Company? |
Multiple Choice
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$77.11
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$93.01
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$107.90
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$90.41
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$105.30
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