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Break A Dance has an odd dividend policy. The company has just paid a dividend of $3 per share and has announced that it will

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Break A Dance has an odd dividend policy. The company has just paid a dividend of $3 per share and has announced that it will increase the dividend by $5 per share for each of the next three years and then never pay another dividend. If you require a return of 9% on the company's stock, how much will you pay for a share today? 1) $26.54 2) $32.18 3) $29.54 4) $23.37 Previous Pa Page 3 of 20 8& 3 4 5 J6 7 89 0- W E R T Y UI O P s 1D F G H J K L

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