Protsky Inc. just paid a dividend of $2.20 per share. The dividend growth rate for Protsky's dividends is 3 percent per year. If the required rate of return on Protsky stock is 12 percent, the stock should be valued at $____ per share according to the dividend discount model.
A) 24.44
B) 25.18
C) 18.88
D) 75.53
Correct Answer:
Verified
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