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16. Nonconstant Dividends Premier, Inc., has an odd dividend policy. The company has just paid a dividend of $3.75 per share and has announced
16. Nonconstant Dividends Premier, Inc., has an odd dividend policy. The company has just paid a dividend of $3.75 per share and has announced that it will increase the dividend by $5 per share for each of the next four years, and then never pay another dividend. If you require a return of 11 percent on the company's stock, how much will you pay for a share today?
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Financial Reporting Financial Statement Analysis and Valuation
Authors: Clyde P. Stickney
6th edition
324302959, 978-0324302967, 324302967, 978-0324302950
