Rum City Foods Ltd is a wholesale company of frozen foods.The company pays a dividend of $7 per share per year,and the board of directors have no plan to change the dividend payouts.Investors within the company expect a return of 25% per share that they own.What is the price of one share?
A) $0.25.
B) $7.00
C) $7.25.
D) $28.00.
Correct Answer:
Verified
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