question archive The Declining Company's dividends are declining at an annual rate of 6 percent
The Declining Company's dividends are declining at an annual rate of 6 percent
Subject:FinancePrice: Bought3
The Declining Company's dividends are declining at an annual rate of 6 percent. The company just paid a dividend of $4 per share. You require a 16 percent rate of return. How much will you pay for this stock?
-A.$19.20
-B.$17.09
-C.$15.33
-D.$13.85
-E.$21.78
-F.$12.57
