Question
The Lost Continent Store pays a constant dividend. Last year, the dividend yield was 5.75 percent when the stock was selling for $67.5 a share.
The Lost Continent Store pays a constant dividend. Last year, the dividend yield was 5.75 percent when the stock was selling for $67.5 a share. What must the stock price be today if the market currently requires a 5.25 percent dividend yield on this stock?
- A. $59.04
- B. $61.63
- C. $73.93
- D. $71.52
- E. $78.24
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Multinational Financial Management
Authors: R M Srivastava
1st Edition
8174466703, 9788174466709
