BlueSteel Manufacturing Company has been generating stable revenues but sees no growth in it for the foreseeable future.The company's last dividend was $3.25,and it is unlikely to change the amount paid out.If the required rate of return is 12 percent,what is the share worth today?
A) $39.00.
B) $3.69.
C) $27.08.
D) $21.23.
Correct Answer:
Verified
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