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Business, 26.08.2019 22:10 zitterkoph

Dividends-r-us, corp. is paying a dividend of $3 a share today. it is expected that the company will continue its policy of increasing its dividend 8% a year every year. if you require a 14% rate of return to invest in this company, what is the maximum amount you would be willing to pay for a share of the company’s stock?

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