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Problem 9 - 1 3 Nonconstant Dividends Premier, Incorporated, has an odd dividend policy. The company has just paid a dividend of $ 8 per
Problem Nonconstant Dividends
Premier, Incorporated, has an odd dividend policy. The company has just paid a dividend of $ per share and has announced that it will increase the dividend by $ per share for each of the next five years and then never pay another dividend. If you require a return of percent on the company's stock, how much will you pay for a share today? Do not round intermediate calculations and round your answer to decimal places, eg
Current share price
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