Three Corners Markets just paid an annual dividend of $1.42 a share. Today, the company announced that future dividends will be increasing by 1.3 percent per year indefinitely. If you require a return of 15.4 percent, how much are you willing to pay to purchase one share of this stock today?

Answer rating: 100% (QA)

To determine the value of the stock today we can use the dividend discount model DDM ... View the full answer