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show excel procedure 12. Martin's Yachts has paid annual dividends of $1.40, S1.75, and S2.10 a share over the past three years, respectively. The company
show excel procedure
12. Martin's Yachts has paid annual dividends of $1.40, S1.75, and S2.10 a share over the past three years, respectively. The company now predicts that it will maintain a constant dividend since its business has leveled off and sales are expected to remain relatively constant. Given the lack of future growth, you will only buy this stock if you can earn at least a 12% rate of run.Wha is the maximum amountyou are willing to pay to buy one share of this stock today? 0 a.) $10.00 O b) 13.33 od.) $17.50Step by Step Solution
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