Miller Juice,Inc.is not paying a dividend right now,but is expected to pay a $4.56 dividend two years from now.Investors expect that dividend to grow by 4% every year forever.If the required return on the stock investment is 14%,what should be the price of Miller Juice stock today?
A) $53.69
B) $36.49
C) $47.42
D) $43.84
Correct Answer:
Verified
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