Question: please write the answer using the formula Maloney, Inc, has an odd dividend policy. The company has just paid a dividend of $3.50 per share
Maloney, Inc, has an odd dividend policy. The company has just paid a dividend of $3.50 per share and has announced that it will increase the dividend by $4.50 per share for each of the next five years, and then never pay another dividend. If you require ai return of 11 percent on the company's stock, how much will you pay for a share fodoy? Complete the following analysis. Do not hard code values in your calculations
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