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The dividend for PQR Inc., is currently $1.63 per share. It is expected to grow at 20 percent next year and then decline linearly to
The dividend for PQR Inc., is currently $1.63 per share. It is expected to grow at 20 percent next year and then decline linearly to a 5 percent perpetual rate beginning in 4 years. If you require a 9.02 percent return on the stock, what is the most (in $) you would pay per share? Answer to two decimals, carry intermediate calculations to four decimals
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