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This is the third time I submit the same question. the system does not accept any additional working out such as pv@11%. How can I
This is the third time I submit the same question. the system does not accept any additional working out such as pv@11%. How can I get the share price by ONLY using the current answers as shown on the excel page.
1 2 3 Maloney, Inc., has an odd dividend policy. The company has just paid a dividend of $3.50 per share and has announced that it will increase the dividend by $4.50 per share for each of the next five years, and then never pay another dividend. If you require a return of 11 percent on the company's stock, how much will you pay for a share today? 4 5 6 Current dividend Dividend growth Required return $ $ 7 3.50 4.50 11% 8 9 10 11 Complete the following analysis. Do not hard code values in your calculations. 12 13 14 15 16 Year 1 2 3 4 5 A A A A A Dividend 8.00 12.50 17.00 21.50 26.00 17 18 19 20 Share price 21Step by Step Solution
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