.XYZ company most recent common stock dividend was $2.40 per share. Because of its maturity as well as its stable sales and earnings, the firm's management feels that dividends will remain at the current level for the foreseeable future. If the required return is 8 %, what will be the value of XYZ company common stock?

(2 Points)

$ 20.00

$ 22.50

$ 30.00

$ 25.00

Option 5