Question
Hot Wings, Inc., has an odd dividend policy. The company has just paid a dividend of $9.50 per share and has announced that it will
| Hot Wings, Inc., has an odd dividend policy. The company has just paid a dividend of $9.50 per share and has announced that it will increase the dividend by $7.50 per share for each of the next four years, and then never pay another dividend. |
| Required: |
| If you require a return of 15 percent on the companys stock, how much will you pay for a share today? |
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Personal Finance
Authors: E. Thomas Garman, Raymond E. Forgue, Jonathan Fox
14th Edition
0357901495, 9780357901496
