KNJ Companies is preparing to pay dividends of $.52, $.60, and $.75 a share over the next

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KNJ Companies is preparing to pay dividends of $.52, $.60, and $.75 a share over the next three years, respectively. After that, the annual dividend will be $1.10 per share indefinitely.

What is this stock worth to you per share if you require a return of 9.8 percent?

Related Book For answer-question

Foundations of Financial Management

ISBN: 978-1259194078

15th edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

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Posted Date: Oct 08, 2018 12:23 AM

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KNJ Companies is preparing to pay dividends of $.52, $.60, and $.75 a share over the next

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Foundations of Financial Management

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