Question
Maurer, Inc. has just paid an annual dividend of $2.50 per share and has announced that it will increase the dividend by $4.50 per share
Maurer, Inc. has just paid an annual dividend of $2.50 per share and has announced that it will increase the dividend by $4.50 per share for each of the next five years and then never pay another dividend. If you require a return of 10% per year on the companys stock, how much will you pay for a share today?
Please can you use financial Calculator
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Fundamentals Of Corporate Finance
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
5th Edition
1119795435, 978-1119795438
