XPE Ltd has increased its dividend each year of its life by 4% p.a. and...
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XPE Ltd has increased its dividend each year of its life by 4% p.a. and is expected to continue doing so into the foreseeable future. Yesterday, the company paid a dividend of $2.00 and the required return on its shares has been 10%. The dollar amount by which its current share price will change if the required return on its shares falls to 8% is closest to: 0-$17.33. O +$17.33. O - $16.67 O +$16.67
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