If a company pays a dividend of $5 to be received one year from now, dividends are expected to grow at a rate of 8 percent per year for the indefinite future, and the interest rate is 14 percent,
the price of the company's stock should be ________ per share.
A) $8.00 B) $83.33 C) $227.27 D) $610.00
B
Economics
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What will be an ideal response?
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