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BWORST made two announcements concerning its common stock today, First, the company announced that the next annual dividend will be $3.75 a share. Secondly, all

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BWORST made two announcements concerning its common stock today, First, the company announced that the next annual dividend will be $3.75 a share. Secondly, all dividends after that will decrease by 2 percent annually & What is the maximum amount you should pay to purchase a share of this stock today if you require a 12 percent rate of return? b. What would be the price of the stock 4 years from now

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