Doctors-On-Call, a newly formed medical group, just paid a dividend of €.50.The company's dividend is expected to grow at a 20% rate for the next 5 years and at a 3% rate thereafter.What is the value of the share if the appropriate discount rate is 12%?
A) €8.08
B) €11.17
C) €14.22
D) €17.32
E) €30.90
Correct Answer:
Verified
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