Question 25 (1 point) Zenith Inc. is expected to pay a dividend of $4 exactly...
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Question 25 (1 point) Zenith Inc. is expected to pay a dividend of $4 exactly a year from now (D1) and is expected to have a resale price of $100 at that time, after the dividend is paid. If the cost of equity for Zenith is 30%, the current price of the stock must be: a) $ 86.67 b) $ 83.20 C) $ 90.43 d) $ 80.00 e) $ 94.55
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