You want to purchase some shares of Peony Enterprises stock but need an 11 percent rate of return to

/in /by


You want to purchase some shares of Peony Enterprises stock but need an 11 percent rate of return to compensate for the perce You want to purchase some shares of Peony Enterprises stock but need an 11 percent rate of return to compensate for the perceived risk of such ownership. What is the maximum you are willing to spend per share to f buy this stock if the company pays a constant $4.75 annual dividend per share? Select one: a. $41.02 b. $45.34 C. $40.76 d. $43.18 e. $46.03

 
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