(Answered) Jen corp is expected to pay a dividend of 350 per year

Finance

JEN Corp. is expected to pay a dividend of $3.50 per year indefinitely. If the appropriate rate of return on this stock is 8 percent per year, and the stock consistently goes ex-dividend 20 days before dividend payment date, what will be the expected minimum price in light of the dividend payment logistics?

$47.05
$40.07
$43.57
$43.75

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