Cox Footwear pays a constant annual dividend.Last year,the dividend yield was 2.5 percent when the stock was selling for $26 a share.What is the current price of the stock if the current dividend yield is 3.1 percent?
A) $18.92
B) $20.97
C) $25.20
D) $26.87
E) $27.40
Correct Answer:
Verified
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