The next dividend on Sciorra stock is expected to be $3.10 per share.
The next dividend on Sciorra stock is expected to be $3.10 per share. Dividends are expected to grow at a constant rate of 5% indefinitely. What should the current share price be if Sciorra investors require a return of 15%?
A) $32.55
B) $31.00
C) $20.67
D) $21.70
E) $62.00
ANSWER
B
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