A stock just paid a dividend of $1.15, has a required rate of return o
A stock just paid a dividend of $1.15, has a required rate of return of 10%, and a constant dividend growth rate of 3%. What price should this stock be selling for?
A) $16.92
B) $15.20
C) $8.50
D) $8.20
E) $17.15
ANSWER
A
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