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Pauls Pepperoni Pizza Palace is prepared to pay a dividend of $2 per share to all stockholders tomorrow. Pauls then presumes that its dividends will
Pauls Pepperoni Pizza Palace is prepared to pay a dividend of $2 per share to all stockholders tomorrow. Pauls then presumes that its dividends will progress at a precise pace of 20 percent per year for the next four years. Following this primary period of proper promotion, they project the dividend will progress at a rate of 7 percent permanently. What do you predict is the price of a share of Pauls Pepperoni Pizza Palace stock if investors prefer a performance of 10 percent?
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