What is the price of Miller Corporation stock today

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Question - Miller Corporation's stock pays no dividends. However, in two years the expected dividend is $1.75, and it will remain at that level forever. What is the price of Miller Corporation's stock today if the interest rate is 6%?

A. $27.52

B. $29.17

C. $21.92

D. $25.10

E. None of the above.

Reference no: EM132844909

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