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Pinder Co is expected to pay dividends of $1.00 one year from today. Pinder Co's dividends are expected to increase by 5% every year
Pinder Co is expected to pay dividends of $1.00 one year from today. Pinder Co's dividends are expected to increase by 5% every year for the following 4 years. Afterward, dividends are expected to remain constant in perpetuity. If the annual discount rate is 10%, what should be Pinder Co's share price? (Round to the nearest two digits) None of the other answers are correct. $14.02 $12.75 $12.65 $11.70
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