Question: The C Alice Stone Company s common stock has paid a

The C. Alice Stone Company’s common stock has paid a $3 dividend for so long that investors are now convinced that the stock will continue to pay that annual dividend forever. If the next dividend is due in one year and investors require an 8% return on the stock, what is its current market price? What will the price be immediately after the next dividend payment?

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  • CreatedMarch 26, 2015
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