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SOLVE ON FINANCIAL CALCULATOR PLEASE HW5: Chapter 8 Q1, 16. Nonconstant Dividends [LO1] Maloney, Inc., has an odd dividend policy. The company has just paid

SOLVE ON FINANCIAL CALCULATOR PLEASE
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HW5: Chapter 8 Q1, 16. Nonconstant Dividends [LO1] Maloney, Inc., has an odd dividend policy. The company has just paid a dividend of $3.50 per share and has announced that it will increase the dividend by $4.50 per share for each of the next five years, and then never pay another dividend. If you require a return of 11 percent on the company's stock, how much will you pay for a share today

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