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WINSTONCH [101]
3 years ago
10

KL Airlines paid an annual dividend of $1.18 a share last month. The company is planning on paying $1.50, $1.75, and $1.80 a sha

re over the next 3 years, respectively. After that, the dividend will be constant at $1.50 per share per year. What is the market price of this stock if the market rate of return is 10.5 percent?
Business
1 answer:
True [87]3 years ago
7 0

Answer:

the correct answer is $14.71

good luck

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