Question: Ahnouncements FRL 3000... Homework #5 (Ch.7, Ch.8) 5 (Ch.7, Ch.8) G Saved Justkidding Corporation has an odd dividend policy. The company has just paid a

Ahnouncements FRL 3000... Homework #5 (Ch.7, Ch.8) 5 (Ch.7, Ch.8) G Saved Justkidding Corporation has an odd dividend policy. The company has just paid a dividend of $4 per share and has announced that it will increase the dividend by $6 per share for each of the next five years, and then never pay another dividend. If you require a return of 10 percent on the company's stock, how much will you pay for a share today? (Do not round intermediate calculations and round your answer to 2 decimal places e.g., 32.16.) Current share price

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