Question
So Cal Corporation will pay dividend of $2.5 per share for next three years and will pay $45 per share liquidating dividend in three years
So Cal Corporation will pay dividend of $2.5 per share for next three years and will pay $45 per share liquidating dividend in three years (year 3). If your required return on this investment is 9%, what would you pay for a share of the company stock?
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Peggy L. Hedges, Philip Chang, Keith C. Brown, Hedges Reilly Brown
1st Canadian Edition
0176500693, 978-0176500696
