Leslie's Unique Clothing Stores offers a share that pays an annual dividend of €2.00.The company has promised to maintain a constant dividend.How much are you willing to pay for one share if you want to earn 12% return on your equity investments?
A) €10.00
B) €13.33
C) €16.67
D) €18.88
E) €20.00
Correct Answer:
Verified
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