Sessler manufacturers made two announcements concerning its, Financial Management

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Sessler manufacturers made two announcements concerning its

Sessler Manufacturers made two announcements concerning its common stock today. First, the company announced that the next annual dividend will be $1.75 a share. What is the maximum amount you should pay to purchase a share of this stock today if you require a 14 percent rate of return?

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Financial Management: Sessler manufacturers made two announcements concerning its

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Financial Management: Sessler manufacturers made two announcements concerning its

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