A stock has a constant dividend of $3.25 per year forever. Your required rate of return...

A stock has a constant dividend of $3.25 per year forever. Your required rate of return is 9%. How much would you pay today for this stock?

A. $30.00
B. $36.11
C. $41.67
D. $52.40

Expert Solution

Ans B. $36.11

jeff jeffy answered 2 years ago

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