Mother and Daughter Enterprises is a relatively new firm that appears to be on the road to great success.The company paid its first annual dividend yesterday in the amount of €.28 a share.The company plans to double each annual dividend payment for the next three years.After that time,it is planning on paying a constant €1.50 per share indefinitely.What is one share of this equity worth today if the market rate of return on similar securities is 11.5%?
A)€9.41
B)€11.40
C)€11.46
D)€11.93
E)€12.43

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The Answer of Mother and Daughter Enterprises is a relatively new firm that appears to be on the road to great success.The company paid its first annual dividend yesterday in the amount of €.28 a share.The company plans to double each annual dividend payment for the next three years.After that time,it is planning on paying a constant €1.50 per share indefinitely.What is one share of this equity worth today if the market rate of return on similar securities is 11.5%?
A)€9.41
B)€11.40
C)€11.46
D)€11.93
E)€12.43

Mother and Daughter Enterprises Is a Relatively New Firm That