How much are you willing to pay for one share of stock if the company just paid an annual dividend of $1.03,the dividends increase by 3 percent annually,and you require a rate of return of 15 percent?
A)$8.58
B)$9.49
C)$10.40
D)$8.84
E)$6.87

Question

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The Answer of How much are you willing to pay for one share of stock if the company just paid an annual dividend of $1.03,the dividends increase by 3 percent annually,and you require a rate of return of 15 percent?
A)$8.58
B)$9.49
C)$10.40
D)$8.84
E)$6.87

How Much Are You Willing to Pay for One Share