Future Motors is expected to pay an annual dividend next year of $3.10 a share. Dividends are expected to increase by 1.85 percent annually. What is one share of this stock worth at a required rate of return of 15 percent?
A) $24.01
B) $26.30
C) $24.56
D) $23.57
E) $24.59

Question

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The Answer of Future Motors is expected to pay an annual dividend next year of $3.10 a share. Dividends are expected to increase by 1.85 percent annually. What is one share of this stock worth at a required rate of return of 15 percent?
A) $24.01
B) $26.30
C) $24.56
D) $23.57
E) $24.59

Future Motors Is Expected to Pay an Annual Dividend Next