Sibila's announced that its next annual dividend will be $1.80 per share and all future dividends will increase by 4 percent annually. What is the maximum amount you should pay to purchase a share of this stock if you require a rate of return of 11 percent?

Answer rating: 100% (QA)

To determine the maximum price you should pay for a share of Sibilas stock consider the following st... View the full answer