Dille Inc.pays no dividend at the present time.In Years 2 and 3,the firm will pay annual dividends of $3 a share.After that,it will pay a constant $1 a share dividend indefinitely.What is this stock worth at a required return of 15 percent?
A) $9.91
B) $7.81
C) $8.62
D) $7.50
E) $11.40
Correct Answer:
Verified
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