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Maurer, Inc., has an odd dividend policy. The company has just paid a dividend of $5 pe share and has announced that it will increase

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Maurer, Inc., has an odd dividend policy. The company has just paid a dividend of $5 pe share and has announced that it will increase the dividend by $4 per share for each the next five years, and then never pay another dividend. If you require a return of 1 percent on the company's stock, how much will you pay for a share today? (Do nc round intermediate calculations and round your answer to 2 decimal places, eg 32.16.) Current share price Maurer, Inc., has an odd dividend policy. The company has just paid a dividend of $5 pe share and has announced that it will increase the dividend by $4 per share for each the next five years, and then never pay another dividend. If you require a return of 1 percent on the company's stock, how much will you pay for a share today? (Do nc round intermediate calculations and round your answer to 2 decimal places, eg 32.16.) Current share price

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