Question
A company promises to pay every year $5 per share and it will never change (forever). If you wanted to buy the share and wanted
A company promises to pay every year $5 per share and it will never change (forever). If you wanted to buy the share and wanted to make 8% on your investment in that share, what should you be willing to pay for it?
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
