Marble Corporation's ROE is 17%.Their dividend payout ratio is 20%.The last dividend,just paid,was $2.58.If dividends are expected to grow by the company's sustainable growth rate indefinitely,what is the current value of Marble common stock if its required return is 18%?
A) $14.33
B) $18.27
C) $47.67
D) $66.61
Correct Answer:
Verified
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