Question: PLEASE SHOW ALL YOUR WORK AND FORMULAS USED. THANK YOU! PLEASE SHOW ALL YOUR WORK AND FORMULAS USED. THANK YOU! 17. Cannons Corporation will pay

PLEASE SHOW ALL YOUR WORK AND FORMULAS USED. THANK YOU!

17. Cannons Corporation will pay a $4.00 per share dividend next year. The company pledges to increase its dividend by 4 percent per year, indefinitely. If you require a 13 percent return on your investment, how much will you pay for the company's stock today

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