Question 1 Crane Corporation will pay a dividend of $2.56 per share next year. The company pledges to increase its dividend by 2.8% per year indefinitely. If you require a return of 10% on your investment, how much will you pay for the company's stock today? You can use Click to open: to solve this problem. You can use Click to open: . $25.60 $36.55 $35.56 $91.43

Crane Corporation will pay a dividend of $2.56 per share next year. The company pledges to increase its dividend by 2.8% per year indefinitely. If you reouire a return of 10% on your investment, how much will you pay for the company's stock today? You can use Click to open: \pm to solve this problem. You can use Click to open: t. $25.60 cos55 $35.56