Jones Footwear pays a constant annual dividend. Last year, the dividend yield was 2.8 percent when the stock was selling for $26 a share. What is the current price of the stock if the current dividend yield is 3.1 percent?
A) $21.19
B) $23.48
C) $25.20
D) $26.87
E) $27.40
Correct Answer:
Verified
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