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Anderson Motors, Inc. has just set the company dividend policy at $0.50 per year. The company plans to be in business forever. What is the
Anderson Motors, Inc. has just set the company dividend policy at $0.50 per year. The company plans to be in business forever. What is the price of this stock if a. an investor wants a return of 5% ? b. an investor wants a return of 7% ? c. an investor wants a return of 10% ? d. an investor wants a return of 11% ? e. an investor wants a return of 18% ? a. What is the stock price if an investor wants a return of 5% ? I (Round to the nearest cent.) b. What is the stock price if an investor wants a return of 7% ? $ (Round to the nearest cent.) c. What is the stock price if an investor wants a return of 10% ? I (Round to the nearest cent.) d. What is the stock price if an investor wants a return of 11% ? $ (Round to the nearest cent.) e. What is the stock price if an investor wants a return of 18% ? I (Round to the nearest cent.)
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