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If a company plans to pay an annual dividend of $1.50 per share next year, $1.15 per share a year for the following two years,
If a company plans to pay an annual dividend of $1.50 per share next year, $1.15 per share a year for the following two years, and then a final liquidating dividend of $15 per share four years from now. How much is one share of this stock worth to you today if you require a rate of return of 17.7% of this risky investment?
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The Economics Of Money Banking And Financial Markets
Authors: Frederic Mishkin
13th Global Edition
1292409487, 978-1292409481
