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Business, 13.08.2021 01:00 leeshaaa17

Company X has 100 shares outstanding. It earns $1,000 per year and expects to pay all of it as dividends. If the firm expects to maintain this dividend forever, calculate the stock price today. (The required rate of return is 10 percent.) a. $110.
b. $100.
c. $90.
d. $10.

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