Leslie's Unique Clothing Stores offers a share that pays an annual dividend of €2.00.The company has promised to maintain a constant dividend.How much are you willing to pay for one share if you want to earn 12% return on your equity investments?
A) €10.00
B) €13.33
C) €16.67
D) €18.88
E) €20.00
Correct Answer:
Verified
Q70: Wilbert's Clothing Stores just paid a €1.20
Q71: The Extreme Reaches Corp.last paid a €1.50
Q72: Weisbro and Sons ordinary equity sells for
Q73: The ordinary equity of Grady had an
Q74: Turnips and Parsley ordinary equity sells for
Q76: The current yield on Alpha's ordinary equity
Q77: The Merriweather Co.just announced that it will
Q78: A share pays a constant annual dividend
Q79: The ordinary equity of Eddie's Engines, Inc.sells
Q80: B&K Enterprises will pay an annual dividend
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents