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Home / Questions / Dexter Metals paid its first annual dividend yesterday in the amount of $018 a share The c...

Dexter Metals paid its first annual dividend yesterday in the amount of $018 a share The company plans to double each annual dividend payment for the next 3 years After that time it plans to pay

Dexter Metals, paid its first annual dividend yesterday in the amount of $0.18 a share. The company plans to double each annual dividend payment for the next 3 years. After that time, it plans to pay $1.25 a share for 2 years than then pay a constant dividend of $1.60 per share indefinitely. What is one share of this stock worth today if the market rate of return on similar securities is 10.24 percent?

A $12.32

B $12.77

C $13.20

D $14.26

E $14.79

 

May 30 2020 View more View Less

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