A share of common stock has a current price of $82.50 and is expected to grow at a constant rate of 10 percent. If you require a 14 percent rate of return, what is the current dividend (D0) on this stock?
A) $2.00
B) $3.00
C) $4.00
D) $3.30
E) $6.00
Correct Answer:
Verified
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