Question
Take Time Corporation will pay a dividend of $4.65 per share next year. The company pledges to increase its dividend by 7 percent per year,
Take Time Corporation will pay a dividend of $4.65 per share next year. The company pledges to increase its dividend by 7 percent per year, indefinitely. 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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The Economics Of Money Banking And Financial Markets
Authors: Frederic S. Mishkin
7th Edition
0321122356, 978-0321122353
