Question
Take Time Corporation will pay a dividend of $3.65 per share next year. The company pledges to increase its dividend by 5.1 percent per year,
Take Time Corporation will pay a dividend of $3.65 per
share next year. The company pledges to increase its dividend by 5.1 percent
per year, indefinitely. If you require a return of 11 percent on your
investment, how much will you pay for the company's stock today?
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
