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Beximco Inc. has increased its annual ordinary dividend by 3% in each of the years that the company has existed. If you believe that the
Beximco Inc. has increased its annual ordinary dividend by 3% in each of the years that the company has existed. If you believe that the company can continue to do so indefinitely, then what price would you be willing to pay for Beximco if the required rate of return is 7% and the expected dividend next year is $6.24?
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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
