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Please use Excel to answer this question:Biz Personnel just paid a $7.26 per share annual dividend with the stated intention of increasing its dividend by
Please use Excel to answer this question:Biz Personnel just paid a $7.26 per share annual dividend with the stated intention of increasing its dividend by 2.5% annually. You would like to purchase stock in this company but realize that you will not have the funds to do so for another 3 years. If you require a 15% annual rate of return, how much will you be willing to pay per share for the stock when you can afford to make this investment? | |||||||||
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