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Asonia Co. will pay a dividend of $4.80, $8.90, $11.75, and $13.50 per share for each of the next four years, respectively. The company will
Asonia Co. will pay a dividend of $4.80, $8.90, $11.75, and $13.50 per share for each of the next four years, respectively. The company will then close its doors. If investors require a return of 11.4 percent on the company's stock, what is the stock price?
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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
