Solar energy will pay an annual dividend of 193 per share, Financial Management

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Solar energy will pay an annual dividend of 193 per share

Solar Energy will pay an annual dividend of $1.93 per share next year. The company just announced that future dividends will be increasing by 1.6 percent annually. How much are you willing to pay for one share of this stock if you require a rate of return of 11.75 percent?

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Financial Management: Solar energy will pay an annual dividend of 193 per share

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