Asonia Co. will pay a dividend of $5.70, $9.80, $12.65, and $14.40 per share for...
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Asonia Co. will pay a dividend of $5.70, $9.80, $12.65, and $14.40 per share for each of the next four years, respectively. The company will then close its doors. If investors require a return of 10.8 percent on the company's stock, what is the stock price?
Answer choices
$33.80
$44.69
$31.98
$38.37
$36.40
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