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XYS Corporation is going to pay an annual dividend of $5.28 a share on its common stock next year. This year, the company paid a
- XYS Corporation is going to pay an annual dividend of $5.28 a share on its common stock next year. This year, the company paid a dividend of $4.81 a share. The company follows a constant rate of growth dividend policy. What will one share of this common stock be worth seven years from now if the required rate of return on equity is 12 percent?
| a. | $339.226 | |
| b. | $478.078 | |
| c. | $414.493 | |
| d. | $388.031 | |
| e. | $236.91 |
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Accounting Information Systems
Authors: Vernon Richardson, Chengyee Chang, Rod Smith
2nd edition
978-1260153156
