Business, 02.03.2020 22:54 avery4428

Vandalay Industries is an established company in a mature industry. They currently pay an annual dividend of $2.50 per share and expect to continue to do so indefinitely. If investors require a 12 percent return on stock of this risk, what should Vandalay's current share price be? $20.83 $20.00 $25.00 $21.99

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