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Suppose that you expect the company to pay a 0.46 dividend next year. You expect the price of company stock to be 23.00 in one

Suppose that you expect the company to pay a 0.46 dividend next year. You expect the price of company stock to be 23.00 in one year. The required rate of return for Carrefour stock is 8%. What is your estimate of the value of the stock?

a.

22.54

b.

21.72

c.

21.75

d.

21.74

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