Nofal corporation will pay a 365 per share dividend next, Financial Management

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Nofal corporation will pay a 365 per share dividend next

Nofal Corporation will pay a $3.65 per share dividend next year. The company pledges to increase its dividend by 5.1 percent per year, indefinitely. If you require a return of 12 percent on your investment, how much will you pay for the company’s stock today?

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Financial Management: Nofal corporation will pay a 365 per share dividend next

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Financial Management: Nofal corporation will pay a 365 per share dividend next

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