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borteleto borteleto
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5 years ago
Castle, Inc. paid a dividend yesterday of $2 per share. Castle management expects the dividend to increase next year to $3 annually. If the dividend is expected to stay at $3 per year for the foreseeable future, what is the value of the stock to an investor with a required rate of return of 10%?
A) $7.50
B) $30.00
C) $32.00
D) $50.00
Textbook 
Foundations of Finance

Foundations of Finance


Edition: 9th
Authors:
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5 years ago
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borteleto Author
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5 years ago
Thanks for your help!
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