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Kelligrews Inc. has an odd dividend policy The company has just paid a dividend of $3 per share and has announced that it will increase
Kelligrews 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 S5 per share for each of the next five years, and then never pay another dividend. If you require an 11 percent return on the company's stock, how much will you pay for a share today? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Current share price 46.07
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