Brickhouse is expected to pay annual dividends

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Brickhouse is expected to pay annual dividends of $1.90 and $2.10 over the next two years, respectively. After that, the company expects to pay a constant dividend of $2.30 a share. What is the value of this stock at a required return of 16 percent?

$12.44

$13.30

$13.89

$14.08

$14.60

Reference no: EM131054822

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