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Arcs and Triangles paid an annual dividend of $1.47 a share last month. The company is pla

Arcs and Triangles paid an annual dividend of $1.47 a share last month. The company is pla

Arcs and Triangles paid an annual dividend of $1.47 a share last month. The company is planning on paying $1.55, $1.63, and $1.65 a share over the next three years, respectively. After that, the dividend will be constant at $1.70 per share per year. What is the market price of this stock if the market rate of return is 11 percent?

Answer choices:

a) $13.98
b) $14.07
c) $15.23
d) $17.16
e) $13.10
Abhinav 02-Dec-2019

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