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Toronto Skates Inc. is paying dividends on a regular basis with a constant growth rate. The dividend last year was $ 1.00 and this year
Toronto Skates Inc. is paying dividends on a regular basis with a constant growth rate. The dividend last year was $ 1.00 and this year is $1.25. If the required rate of return is 12%, what is the price of the stock?
A | $10.42 |
B | $8.33 |
C | 5.00 |
D | Cannot be calculated |
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