Johncar Corporation's expected dividend for next year is $7.70. It is expected to grow at a 3.2% rate in the future. I

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answerhappygod
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Johncar Corporation's expected dividend for next year is $7.70. It is expected to grow at a 3.2% rate in the future. I

Post by answerhappygod »

Johncar Corporation's expected dividend for next year is
$7.70. It is expected to grow at a 3.2% rate in the
future. If you require a 14% rate of return on similar risk
investments, what is the value of a share of this common stock?
A) $71.30
B) $.71
C) $55.00
D) $73.58
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