Wyatt Oil presently pays no dividend.You anticipate Wyatt Oil will pay an annual dividend of $0.56 per share two years from today and you expect dividends to grow by 4% per year thereafter.IF Wyatt Oil's equity cost of capital is 12%,then the value of a share of Wyatt Oil today is:
A) $4.67
B) $5.00
C) $6.25
D) $7.00
Correct Answer:
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