Stoneworks, Inc. is looking to pay out built up retained earnings.The company has just paid a dividend

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Stoneworks, Inc. is looking to pay out built up retained earnings.The company

has just paid a dividend of $15 per share and has announced that it will increase

the dividend by $3.00 per share for each of the next five years, and then never pay another dividend again.If you require a return of 11% on the company's stock, how much will you pay for a share today?

Posted Date: May 18, 2024 07:14 PM

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Stoneworks, Inc. is looking to pay out built up retained earnings.The company has just paid a dividend

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