How much are you willing to pay for one share of LBM stock if the company just paid an annual dividend of $2.24, the dividends increase by 2.3 percent annually, and you require a return of 14.8 percent? A. $19.29 B. $17.59 C. $18.21 D. $18.33 E. $19.33
Added by Stacey F.
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24 * (1 + 0.023) = $2.24 * 1.023 = $2.29 Show more…
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