The common stock of Water Town Mills pays a constant annual dividend of $2.25 a...
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Accounting
The common stock of Water Town Mills pays a constant annual dividend of $2.25 a share. What is one share of this stock worth today if the discount rate is 8.6 percent?
Group of answer choices
$26.16
$29.45
$19.04
$21.23
$31.88
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