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Sia Dance Studios has an annual cash dividend policy that raises the dividend each year by 2%. Last year's dividend, Div 0, was $7 per
Sia Dance Studios has an annual cash dividend policy that raises the dividend each year by 2%. Last year's dividend, Div 0, was $7 per share. The company will be in business for 50 years with no liquidating dividend. What is the price of this stock if a. an investor wants a return of 9% ? b. an investor wants a return of 10% ? c. an investor wants a return of 13% ? d. an investor wants a return of 14% ? e. an investor wants a return of 16% ? a. What is the price of this stock if an investor wants a return of 9% ? $ (Round to the nearest cent.)
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