What is the maximum price Erica should pay for Rangoon Corp.common stock if her required return is 5% and she expects to sell the stock in one year for $50 per share,immediately after she receives a $.50 per share dividend? (Round to the nearest tenth.)
A) $50.00
B) $48.10
C) $48.00
D) $45.00
E) $40.73
Correct Answer:
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