assignmentcafe.com – The most recent dividend declared was $3.62 and this dividend is expected to shrink at a constant rate of 2.5 percent annually forever. What is this stock worth today at a required return of 12.5 percent? 2022 latest answers

assignmentcafe.com –

Out of Fashion Inc. is facing financial difficulties. The most recent dividend declared was $3.62 and this dividend is expected to shrink at a constant rate of 2.5 percent annually forever. What is this stock worth today at a required return of 12.5 percent?

 

Group of answer choices

 

$34.15

 

$20.24

 

$23.53

 

$23.56

 

$37.11