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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Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus
11th Edition
1260288390, 978-1260288391
