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A Stock Sells for $12

Question 97

Multiple Choice

A stock sells for $12.36 a share and has a required return of 9 percent.Dividends are paid annually and increase at a constant 3 percent per year.What is the amount of the last dividend paid?


A) $0.46
B) $0.50
C) $0.59
D) $0.63
E) $0.72

Correct Answer:

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