Take time corporation will pay a dividend of 475 per share, Financial Management

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Take time corporation will pay a dividend of 475 per share

Take Time Corporation will pay a dividend of $4.75 per share next year. The company pledges to increase its dividend by 7.5 percent per year, indefinitely.

If you require a return of 9 percent on your investment, how much will you pay for the company's stock today?

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Financial Management: Take time corporation will pay a dividend of 475 per share

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Financial Management: Take time corporation will pay a dividend of 475 per share

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