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Lessitz Ltd Currently Pays a Dividend of $0 $0.88 \$ 0.88

Question 9

Multiple Choice

Lessitz Ltd currently pays a dividend of $0.85.Lessitz Ltd's estimated growth rate is 6.8%.Given a cost of capital of 9.00%,what is the PV of one share in Lessitz Ltd?


A) $0.88 \$ 0.88
B) $1.01 \$ 1.01
C) $1.09 \$ 1.09
D) $13.35 \$ 13.35

Correct Answer:

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