Multiple Choice
Sanders,Inc.,paid a $4.00 dividend per share last year and is expected to continue to pay out 60% of its earnings as dividends for the foreseeable future.If the firm is expected to generate a 13% return on equity in the future,and if you require a 15% return on the stock,the value of the stock is _________.
A) $26.67
B) $35.19
C) $42.94
D) $59.89
Correct Answer:
Verified
Correct Answer:
Verified
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