HQZ Inc., has just paid a dividend of $5.71 per share and has announced that it will
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HQZ Inc., has just paid a dividend of $5.71 per share and has announced that it will increase the dividendby$3.88 per share foreachof the next four years, and then never pay another dividend. If you require a return of 9.62 percent on the company's stock, how much will you pay for a share today?Answer to two decimals.
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780072553079
6th Edition
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
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