daltonrebekah8397 daltonrebekah8397

18-06-2024
Business

Answered

Kelligrews Inc. has an odd dividend policy. The company has just paid a dividend of $3 per share and has announced that it will increase the dividend by $5 per share for each of the next five years, and then never pay another dividend. If you require an 11% return on the company's stock, how much
will you pay for a share today?

Answer :

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