Can't Hold Me Back,Inc.is preparing to pay its first dividends.It is going to pay $1.00,$2.50,and $5.00 a share over the next three years,respectively.After that,the company has stated that the annual dividend will be $1.25 per share indefinitely.What is this stock worth to you per share if you demand a 6% rate of return?
A) $7.20
B) $14.48
C) $18.88
D) $24.85
E) $31.61
Correct Answer:
Verified
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