Question: I need help with this question QUESTION 6 4 points Save Answer AMC INC. had earnings per share (EPS) of $1 last year. The company

I need help with this question

QUESTION 6 4 points Save Answer AMC INC. had earnings per share (EPS) of $1 last year. The company maintains a constant dividend payout ratio of 30% and paid the last dividend yesterday. The company plans to double the dividends in each of the next 6 years. After that the firm plans to increase dividends at the rate of 3% per year in perpetuity. What is the price of this stock today if the market requires a return of 14% on similar securities? Show full work to receive credit. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B I U S Paragraph Arial 14px Ev Ev AV

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