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Auckland International Airport Ltd. will pay a dividend of $12 per share next year. The company pledges to increase its dividend by 4 per cent
Auckland International Airport Ltd. will pay a dividend of $12 per share next year. The company pledges to increase its dividend by 4 per cent per year indefinitely. If you require a return of 16 per cent on your investment, how much will you pay for the companys stock today? [Please do not enter the dollar symbol ($) ]
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