Solved: How much pay to purchase one share of stock today, Finance Basics

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How much pay to purchase one share of stock today

Problem:

A Store paid an annual dividend of $11.15 per share last month. Today the company announced that future dividends will be increasing by 2.6 % annually. If you require a 12% rate of return how much will you pay to purchase one share of stock today?

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Finance Basics: How much pay to purchase one share of stock today

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Finance Basics: How much pay to purchase one share of stock today

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