Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN: 9781337395083
Author: Eugene F. Brigham, Phillip R. Daves
Publisher: Cengage Learning
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General Accounting

A stock just paid a dividend of $1.50. The required
rate of return is 8.5%, and the constant growth rate
is 4%.
What is the current stock price?
a. $36.11
b. $35.15
c. $35.63
d. $34.67
e. $34.19
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Transcribed Image Text:A stock just paid a dividend of $1.50. The required rate of return is 8.5%, and the constant growth rate is 4%. What is the current stock price? a. $36.11 b. $35.15 c. $35.63 d. $34.67 e. $34.19
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