If the last dividend paid by Chemical Brothers Inc. was $1.25 and anal

If the last dividend paid by Chemical Brothers Inc. was $1.25 and analysts expect these payments to increase 4% per year, what will the stock price be next year if the required return is 15%?

A) $11.82
B) $12.29
C) $31.25
D) $12.78
E) $23.11

 

 

ANSWER

B

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