Suppose Big D, Inc., just paid a dividend of $1 andit is expected to increase its dividend
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Question:
Suppose Big D, Inc., just paid a dividend of $1 andit is expected to increase its dividend by 2% per year. If the market requires a return of 15% on assets of this risk level, how much should the stock be selling for?Answer should be in the form ofX.XX,reflecting dollars and cents.
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