Bliley plumbers pays no dividend at the present time how, Financial Management

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Bliley plumbers pays no dividend at the present time how

Bliley Plumbers pays no dividend at the present time. The company plans to start paying an annual dividend in the amount of $0.20 a share for three years commencing three years from today. After that time, the company plans on paying a constant $1 a share dividend indefinitely. How much are you willing to pay to buy a share of this stock if your required return is 15 percent?

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Financial Management: Bliley plumbers pays no dividend at the present time how

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