Question
NeverEverChanging Ltd. is a company with a remarkably stable dividend paying policy. It also chooses not to reinvest any of its earnings, and all profits
1) What is the maximum amount you should be willing to pay?
2) What would be the maximum amount you should be willing to pay, if the required rate of return was 5%?
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South-Western Federal Taxation 2020 Comprehensive
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
43rd Edition
357109147, 978-0357109144
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