The Bermuda Triangle Store pays a constant dividend.Last year,the dividend yield was 5.4 percent when the stock was selling for $15 a share.What must the stock price be today if the market currently requires a 3.8 percent dividend yield on this stock?
A) $21.32
B) $12.30
C) $11.59
D) $19.22
E) $22.48
Correct Answer:
Verified
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