How much you willing to pay to purchase on share of stock


Question: Gerald's Travel Service just paid $1.79 to its shareholders as the annual dividend. Simultaneously, to company announced that future dividends will be increased by 3.2 %. If you require a 10.5% rate of return, how much are you willing to pay to purchase one share of this stock?

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Finance Basics: How much you willing to pay to purchase on share of stock
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