Q)Corn, Inc., has an odd dividend policy. The company has just paid a dividend of $6 per share and has announced that it will increase the dividend by $2 per share for each of the next four years, and then never pay another dividend. suppose you require an 11 percent return on the company's stock.

Required:

a)How much will you pay for a share today?

b)Is the value of this stock dependent upon how long you plan to hold it? would this affect the value of the stock today?