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Periscope Adventures Last Annual Dividend Was $0

Question 28

Multiple Choice

Periscope Adventures last annual dividend was $0.63 a share.The firm will increase the dividend by 7 percent for the next 4 years and thereafter increase the dividend by 4 percent annually.What is this stock worth today if the required return is 11 percent?


A) $10.38
B) $11.06
C) $11.30
D) $13.97
E) $14.08

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