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Hot Wings, Inc., has an odd dividend policy. The company has just paid a dividend of $6.75 per share and has announced that it will

Hot Wings, Inc., has an odd dividend policy. The company has just paid a dividend of $6.75 per share and has announced that it will increase the dividend by $10.50 per share for each of the next four years, and then never pay another dividend.

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If you require a return of 13 percent on the company

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