"FB Light" stock has paid a dividend for many years with a consistent growth in...
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"FB Light" stock has paid a dividend for many years with a consistent growth in dividends. Over the last several years it has increased dividends 5% every two years. Currently, it pays a dividend of $2.50 per share annually. If the CAPM indicates that investors seek 12% return per year on FB Light stock, what is the current price of FB Light stock price per share? Group of answer choices
$21.35
$45.00
$37.50
$26.97
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