question archive Miller brother’s hardware paid an annual dividend of $1
Miller brother’s hardware paid an annual dividend of $1
Subject:FinancePrice: Bought3
Miller brother’s hardware paid an annual dividend of $1.25 per share last month.
Today, the company announced that future dividends will be increasing by 1.5 percent annually. If you require a 17.2 percent rate of return, how much are you willing to pay to purchase on share of this stock today?
- $8.08
- $8.15
- $8.87
- $8.14
