share of common stock just paid a dividend of $1.00.If the expected long-run growth rate for this stock is 5.4%, and if investors' required rate of return is 11.4%, what is the stock price?
A)$16.28
B)$16.70
C)$17.13
D)$17.57
E)$18.01

Question

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The Answer of share of common stock just paid a dividend of $1.00.If the expected long-run growth rate for this stock is 5.4%, and if investors' required rate of return is 11.4%, what is the stock price?
A)$16.28
B)$16.70
C)$17.13
D)$17.57
E)$18.01

Share of Common Stock Just Paid a Dividend of $1