JAY Corp.is expected to pay a dividend of $5.00 per year indefinitely.If the appropriate rate of return on this stock is 13 percent per year,and the stock consistently goes ex-dividend 30 days before dividend payment date,what will be the expected minimum price in light of the dividend payment logistics?
A) $3.16
B) $38.08
C) $38.46
D) $43.03
Correct Answer:
Verified
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