Caan corporation will pay 356 per share dividend next year, Financial Management

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Caan corporation will pay 356 per share dividend next year

Caan Corporation will pay $3.56 per share dividend next year. The company pledges to increase its dividend by $3.75 per cent per year indefinitely. If you require a return of 11 percent on your investment, how much will you pay for the company's stock today?

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Financial Management: Caan corporation will pay 356 per share dividend next year

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Financial Management: Caan corporation will pay 356 per share dividend next year

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