A share of common stock just paid a dividend of $1.00.If the expected long-run growth rate for this stock is 5.4%,and if investors' required rate of return is 10.2%,then what is the stock price?
A) $23.93
B) $21.96
C) $24.37
D) $23.50
E) $16.47
Correct Answer:
Verified
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