Value of the Stock Assignment

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Value of the Stock Assignment

Norfolk Southern just paid a dividend of $3 per share. Future dividends are expected to grow at a constant rate of 4.2% per year. What is the value of the stock if the required return is 11%? $43.44 $41.56 $45.97 $55.87 Get Finance homework help today

Norfolk Southern just paid a dividend of $3 per share. Future dividends are expected to grow at a constant rate of 4.2% per year. What is the value of the stock if the required return is 11%?

$43.44
$41.56
$45.97
$55.87

Get Finance homework help today