Business, 30.03.2020 20:11 madeleine43

Apollo Utilities, Incorporated paid a dividend of $2.12 yesterday (D0 = $2.12). If this dividend is expected to grow at a constant rate of 6% per year for the next 10 years and shareholders of Apollo use a required rate of return of 11%, what will the expected dividend be in year 10 (D10 = ? )? (a) $ 6.02 (b) $ 3.79 (c) $42.40 (d) $ 3.45 (e) $44.94

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Apollo Utilities, Incorporated paid a dividend of $2.12 yesterday (D0 = $2.12). If this dividend is...

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