Question
Hot Wings, Inc., has an odd dividend policy. The company has just paid a dividend of $3 per share and has announced that it will
Hot Wings, Inc., 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 four years,
and then never pay another dividend. If you require a return of 10.4 percent
on the company's stock, how much will you pay for a share today?
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Investing In Financial Research A Decision Making System For Better Results
Authors: Cheryl Strauss Einhorn, Tony Blair
1st Edition
1501732757, 9781501732751
