A share of common stock just paid a dividend of $1.00.If the expected long-run growth rate for this stock is 5.4%,and if investors' required rate of return is 11.4%,what is the stock price?
A)$16.28
B)$16.70
C)$17.13
D)$17.57
E)$18.01

Question

Quizplus · Accepted Answer

The Answer of A share of common stock just paid a dividend of $1.00.If the expected long-run growth rate for this stock is 5.4%,and if investors' required rate of return is 11.4%,what is the stock price?
A)$16.28
B)$16.70
C)$17.13
D)$17.57
E)$18.01

A Share of Common Stock Just Paid a Dividend of $1.00.If