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Lapidus Restaurants Incorporated Currently Pays a $5

Question 30

Multiple Choice

Lapidus Restaurants Incorporated currently pays a $5.00 common stock dividend. The dividend is expected to remain at $5.00 and not expected to grow in the future. What is the current value of Lapidus Restaurants common stock to an investor requiring an 11% rate of return?


A) $100.00
B) $83.33
C) $50.45
D) $45.45

Correct Answer:

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