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MMM Inc. has an annual cash dividend policy that raises the dividend each year by 13.00%. Last year's dividend was $1.35 per share. Investors want
MMM Inc. has an annual cash dividend policy that raises the dividend each year by 13.00%. Last year's dividend was $1.35 per share. Investors want a 10% return on this tock. What is the price today of this stock the company will be in business for five years and not have a liquidating dividend (there is no selling price - stock simply sease to exist with no value then? The price of this stook today iss Do not use Sign Use commes to separate thousands Use tive decimale Pound to the nearest cent) you need further practice or have access to help tools for a problem like this, do problem 7 in Ch 7 (can create a study guide including this problem or try the Practice study guide created by professor in MFL) AVZ is a start-up company who is using als cash to growth so it does not plan to pay dividends for the next 4 years. The company then plans to start paying annual cash dividends starting at the end of year 5. of $7.00 for 18 years. Thereafter the company will assume a constant growth dividend policy and the estimated growth rate in dividends forever atter that point is 4%. The price of the stock is set to yield a return of 12%. What is the price of this stook today The price today as Do not use stign. Use comman to separate thousands. In this answer, please use TWO decimale in your response and round to the nearest cente Forexample if your answer 5110 2 than enter 1.110.28) if you need further practice or need to have access to the help tools for a problem very similar to this one, do probleme 10 and 27 in Ch 7 (can create a study guide
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