Question: Please use and list the excel function needed for this, thanks! Caan Corporation will pay a $3.56 per share dividend next year. The company pledges

Please use and list the excel function needed for this, thanks!

Caan Corporation will pay a $3.56 per share dividend next year. The company pledges to increase its dividend by 3.75 percent per year indefi-nitely. If you require a return of 11 percent on your investment, how much will you pay for the companys stock today?

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