Maple Drinks Corp.has just announced a dividend of $0.80 for this year and $0.835 for the next year.Dividends are expected to grow at a constant rate indefinitely.What is the current stock price if the required return is 13.1 percent?
A) $8.55
B) $9.35
C) $9.57
D) $10.37
Correct Answer:
Verified
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