50 .The investment banking firm of M and Associates will use a dividend valuation model to appraise the
shares of the L&L Corporation. Dividends (D) at the end of the current year will be P1.20. The
growth rate (g) is 9% and the discount rate (K) is 13%?
What should be the price of the stock to the public?
a. P28.75 c. P30.00
b. P31.50 d. P29.00
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