CS Markets has 84,500 shares of stock outstanding.The firm paid out $68,200 in dividends this year and expects their total dividends to increase by 3.5 percent per year.The required return is 12 percent.What is the share price?
A) $8.47
B) $9.83
C) $6.20
D) $7.64
E) $9.50
Correct Answer:
Verified
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