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Vandelay Industries has just announced that they will pay their first dividend of $10 per share in nine years. The dividend will grow at 7%
Vandelay Industries has just announced that they will pay their first dividend of $10 per share in nine years. The dividend will grow at 7% afterward. If you require a 15% return, what is the most you would be willing to pay for the stock today? A.$125.00 B. $40.86 C. $42.89 D. $35.53
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