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You are given the following for a company: Current annual dividend per share (D1)(D1) $10 Effective annual interest rate (i)(i) 15% Expected long-term annual dividend
You are given the following for a company:
Current annual dividend per share (D1)(D1) | $10 |
Effective annual interest rate (i)(i) | 15% |
Expected long-term annual dividend growth rate (k)(k) | 5% |
What is the value of a share today?
Possible Answers
A
< $50
B
$50 but < $100
C
$100 but < $150
D
$150 but < $200
E
$200
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