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In its most recent corporate report, Williams, Inc., apologized to its stockholders for not paying a dividend. The report states that management will pay a
In its most recent corporate report, Williams, Inc., apologized to its stockholders for not paying a dividend. The report states that management will pay a $1 dividend next year. That dividend will grow at 4 percent every year thereafter. If the discount rate is 10 percent, how much are you willing to pay for a share of Williams, Inc.?
Harris, Inc., paid a $3 dividend yesterday. If the firm raises its dividend at 5 percent every year and the appropriate discount rate is 12 percent, what is the price of Harris stock?
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