Solar Energy,Inc.will pay an annual dividend of $1.85 next year.The company just announced that future dividends will be increasing by 2 percent annually.How much are you willing to pay for one share of this stock if you require a 14 percent return?
A) $15.14
B) $15.42
C) $15.78
D) $16.12
E) $16.62
Correct Answer:
Verified
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