What is one share of stock worth today

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Reference no: EM131872340

Ultra Find Furnishings is in the process of sellings its peripheral businesses and focusing on its upscale clients. In conjunction with this reorganization, the dividend will be decreased by 10 percent for the next three years. AFter that, the dividend will resume increasing at an annual rate of 5 percent. The required return on this stock is 14 percent and the last dividend paid was $2.40 a share. What is one share of this stock worth today?

A. $17.34

B. $18.08

C. $18.35

D. $19.68

E. $20.72

Reference no: EM131872340

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