Kwik Lift Ltd will pay dividends of $4.75,$5.25,$5.75,and $7 for the next four years.Thereafter,the company expects its growth rate to be at a constant rate of 7 percent.If the required rate of return is 15 percent,what is the current market price of the share?
A) $69.42.
B) $93.63.
C) $57.54.
D) $80.29.
Correct Answer:
Verified
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