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Business, 16.11.2019 07:31 maddie6610

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?
a) $13.98
b) $14.07
c) $15.23
d) $17.16
e) $13.10

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