PSE plans to pay an annual dividend of $1.20 per share in the coming year....
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Accounting
PSE plans to pay an annual dividend of $1.20 per share in the coming year. If its equity cost of capital is 4% and dividends are expected to grow by 2% per year in the future, estimate the value of PSEs stock.
Question 14Select one:
a.
$20
b.
$36
c.
$41.25
d.
$52.60
e.
$60
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