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A company will pay a 450 per share dividend next year the

A company will pay a $4.50 per share dividend next year. The company has pledged to increase its dividend by 4.00 percent per year, indefinitely. If you require a 12 percent return on your investment, how much will you pay for the company's stock today?

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Finance Basics: A company will pay a 450 per share dividend next year the

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