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The Tired Corp. last paid a $1.50 per share annual dividend. The company is planning on paying $2.50, $4.50, $5.00, and $7.50 a share over
The Tired Corp. last paid a $1.50 per share annual dividend. The company is planning on paying $2.50, $4.50, $5.00, and $7.50 a share over the next four years, respectively. After that the dividend will be a constant $2.10 per share per year. If the market rate of return is 14% then the stock price is closest to what value?
Select one:
a. $26.57
b. $28.03
c. $22.39
d. $17.04
e. $33.71
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