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The Retarded Companys dividends are declining at an annual rate of 10 percent. The company just paid a dividend of $4 per share. You require
The Retarded Companys dividends are declining at an annual rate of 10 percent. The company just paid a dividend of $4 per share. You require a 16 percent rate of return. How much will you pay for this stock?
A. | $21.78 | |
B. | $13.85 | |
C. | $12.57 | |
D. | $17.09 | |
E. | $19.20 | |
F. | $15.33 |
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