Shareholders require a 10 return on shares for the first, Financial Management

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Shareholders require a 10 return on shares for the first

Pentagon International has just paid a dividend of $ 4. The dividend growth rate is expected to remain constant at 5% indefinitely. Shareholders require a 10% return on shares for the first year 11% the next and 12% after that date. What will be the price of the shares?

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Financial Management: Shareholders require a 10 return on shares for the first

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