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Ziggs Corporation will pay a $4.15 per share dividend next year. The company pledges to increase its dividend by 5.00 percent per year, indefinitely. Required:
Ziggs Corporation will pay a $4.15 per share dividend next year. The company pledges to increase its dividend by 5.00 percent per year, indefinitely. |
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If you require a 11.25 percent return on your investment, how much will you pay for the companys stock today? |
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