assignmentcafe.com – Calculate the dividend expected next year (D1)/Latest answer 2022

assignmentcafe.com –

Letgo Corp. is experiencing steady growth and are expecting that dividends will grow at a constant rate of 2.5 percent for indefinite future. The required rate of return is given as 11 percent. If the stock of Letgo Corp. is currently selling for $54.10, Calculate the dividend expected next year (D1)

 

 

 

Group of answer choices

 

 

 

$3.57

 

 

 

$4.49

 

 

 

$4.36

 

 

 

$4.60

 

 

 

$4.15