Question
Hudson Corporation will pay a dividend of $5.70 per share next year. The company pledges to increase its dividend by 5.70 percent per year indefinitely.
Hudson Corporation will pay a dividend of $5.70 per share next year. The company pledges to increase its dividend by 5.70 percent per year indefinitely. If you require a return of 11.10 percent on your investment, how much will you pay for the company's stock today?
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Project Financing Asset-Based Financial Engineering
Authors: John D Finnerty
3rd Edition
1118421841, 9781118421840
