B. $26.30
Investor's valuation of the stock = [Dividend / (1 + rate)] + [Selling price / (1 + rate)]
Investor's valuation of the stock = [$0.24 / (1 + 0.15)] + [$30 / (1 + 0.15)]
Investor's valuation of the stock = $0.21 + $26.09
Investor's valuation of the stock = $26.30
1 pts Question 32 A stock currently sells for $25 per share and pays $0.24 per...
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