Braxton's Cleaning Company stock is selling for $34.00 per share based on a required return of...

Braxton's Cleaning Company stock is selling for $34.00 per share based on a required return of 9.6 percent. What is the the next annual dividend if the growth rate in dividends is expected to be 4.2 percent indefinitely?

Multiple Choice

$1.91

$1.76

$1.68

$1.84

$2.01

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Expert Solution

jeff jeffy answered 2 years ago

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