NewAge,Inc.paid a dividend yesterday of $2 per share.NewAge management expects the dividend to increase next year to $3 annually.If the dividend is expected to stay at $3 per year for the foreseeable future,what is the value of the stock to an investor with a required rate of return of 10%?
A) $7.50
B) $30.00
C) $32.00
D) $50.00
Correct Answer:
Verified
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