Merrell Enterprises' stock has an expected return of 14%.The stock's dividend is expected to grow at a constant rate of 8%, and it currently sells for $50 a share.Which of the following statements is CORRECT?
A) The stock's dividend yield is 8%.
B) The current dividend per share is $4.00.
C) The stock price is expected to be $54 a share one year from now.
D) The stock price is expected to be $57 a share one year from now.
E) The stock's dividend yield is 7%.
Correct Answer:
Verified
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