City Equipment announced this morning that its next annual dividend will be decreased to $1.90 a share and that all future dividends will be decreased by an additional 1.9 percent annually.What is the current value per share if the required return is 16.8 percent?
A) $8.80
B) $10.16
C) $10.36
D) $9.88
E) $10.42
Correct Answer:
Verified
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