Question
Premier, Incorporated, has an odd dividend policy. The company has just paid a dividend of $8.25 per share and has announced that it will increase
Premier, Incorporated, has an odd dividend policy. The company has just paid a dividend of $8.25 per share and has announced that it will increase the dividend by $6.25 per share for each of the next four years, and then never pay another dividend. If you require a return of 15 percent on the companys stock, how much will you pay for a share today?
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The Principals Guide To School Budgeting
Authors: Richard D. Sorenson, Lloyd M. Goldsmith
3rd Edition
1506389457, 978-1506389455
