Ryder Supplies has its stock currently selling at $63.25. The company is expected to grow at a constant rate of 7 percent. If the appropriate discount rate is 17 percent, what is the expected dividend, a year from now? (Round the answer to two decimal places.)
A) $4.43
B) $3.25
C) $10.75
D) $6.33
Correct Answer:
Verified
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