Business, 26.01.2022 14:00 nbug2121

Vandalay Industries is an established company in a mature industry. They currently pay an annual dividend of $2.50 per share and expect to continue to do so indefinitely. If investors require a 12 percent return on stock of this risk, what should Vandalay's current share price be? i. $20.83
ii. $20.00
iii. $25.00
iv. $21.99

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