A firm just paid a dividend of $0.50 per share. Dividends are expected to grow...
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Finance
A firm just paid a dividend of $0.50 per share. Dividends are expected to grow at a constant rate of 8% per year forever and similar investments are yielding an 11% rate of return. The most you should be willing to pay for this stock today is__?
$14.15
$16.67
$18.00
$13.88
$13.55
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