Arcs and triangles paid an annual dividend of 147 a share, Ask an Expert

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Arcs and Triangles paid an annual dividend of $1.47 a share last month. The company is planning on paying $1.55, $1.63, and $1.65 a share over the next three years, respectively. After that, the dividend will be constant at $1.70 per share per year. What is the market price of this stock if the market rate of return is 11 percent?

Answer choices:

a) $13.98

b) $14.07

c) $15.23

d) $17.16

e) $13.10

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91543469

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