Avril Synchronistics will pay a dividend of $1.10 per share this year. It is expected...
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Finance
Avril Synchronistics will pay a dividend of $1.10 per share this year. It is expected that this dividend will grow by 6% each year in the future. What will be the current value of a single share ofAvril's stock if the firm's equity cost of capital is 14%?
A. $10.31
B. $13.75
C. $13.75
D. $9.63
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