Staal Corporation will pay a $ 3.40 per share dividend next year. The company pledges to increase
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Question:
Staal Corporation will pay a $ 3.40 per share dividend next year. The company pledges to increase its dividend by 4.5 percent per year indefi - nitely. If you require a return of 11 percent on your investment, how much will you pay for the companys stock today
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