The border crossing just paid an annual dividend of 420 per, Ask an Expert

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The Border Crossing just paid an annual dividend of $4.20 per share and is expected to pay annual dividends of $4.40 and $4.50 per share the next two years, respectively. After that, the firm expects to maintain a constant dividend growth rate of 2 percent per year. What is the value of this stock today if the required return is 14 percent?

A. $30.04, B. $32.18, C. $33.33, D. $35.80, AND E.$36.75

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Financial Management, Finance

Category:- Financial Management
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