Price of Stock Assignment | Homework For You

ABC, Inc. just paid its annual dividend yesterday of $9 per share, and it is widely expected that the dividend will increase by 5% per year indefinitely. If the discount rate is 12%, what price should the stock sell at?
A. $134.00 B. $135.00 C. $136.00 D. $137.00 E. None of the above. Get Finance homework help today