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Simplicity is a relatively new firm that appears to be on the road to great success. The company paid their first annual
Posted: Sun Jun 05, 2022 10:14 am
by answerhappygod
- Simplicity Is A Relatively New Firm That Appears To Be On The Road To Great Success The Company Paid Their First Annual 1 (41.3 KiB) Viewed 39 times
Simplicity is a relatively new firm that appears to be on the road to great success. The
company paid their first annual dividend yesterday in the amount of $0.15 a share. The
company plans to double each annual dividend payment for the next four years. After that time, they are planning on paying a constant dividend of $2.50 per share indefinitely. What is one share of this stock worth today if the market rate of return on similar securities is 13.45%? Multiple Choice O O O O $12.32 $13.77 $14.37 $14.22 $12.77