Question
Bon Chance, Inc., has an odd dividend policy. The company has just paid a dividend of $9.00 per share and has announced that it will
| Bon Chance, Inc., has an odd dividend policy. The company has just paid a dividend of $9.00 per share and has announced that it will increase the dividend by $7.00 per share for each of the next four years, and then never pay another dividend. |
| If you require a return of 12 percent on the companys stock, how much will you pay for a share today? |
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Finance Your Business Secure Funding To Start Run And Grow Your Business
Authors: The Staff Of Entrepreneur Media
1st Edition
1599185970, 978-1599185972
