Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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International Inc. just paid a dividend of $1.95. It is expected to grow its dividend at 3.15% each year thereafter. If investors require an 8% return, what is the current price?
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$ 64.00
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$ 5.00
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