What should be the stock value one year from today for a stock that currently sells for $35, has a required return of 15 percent, an expected dividend of $2.80, and a constant dividend growth rate of 7 percent?
A) $43.05
B) $37.80
C) $40.25
D) $37.45
Ans: D) $37.45
Business
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Gary mails an offer to Brian on June 15. Brian receives the offer on June 16. Gary mails a revocation of the offer on June 17. Brian mails a letter of acceptance on June 18 and Gary receives the acceptance on June 20. Brian receives the revocation on June 19. Was a contract formed?
A) Yes, on June 16 B) Yes, on June 18 C) Yes, on June 20 D) No, the offer was revoked before acceptance
Business
Which section usually makes up the bulk of the report?
a. Summary b. Results c. Method d. Introduction e. Appendix
Business