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Premier Inc. has an odd dividend policy. The company has just paid a dividend of $3.75 per share and has announced that it will increase
Premier Inc. has an odd dividend policy. The company has just paid a dividend of $3.75 per share and has announced that it will increase the dividend by $5 per share for each of the next four years, and then never pay another dividend. If you require a return of 11 percent on the companys stock, how much will you pay for the share today? (please provide formula as well as givens and value being solved for, thank you!)
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