Cato brutus just announced that it will commence paying, Financial Management

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Cato brutus just announced that it will commence paying

Cato & Brutus just announced that it will commence paying annual dividends next year. It plans to pay $.77 a year for four years, $.96 a year for the following three years, and then cease paying dividends altogether. How much is one share of this stock worth to you today if you require a 11.7 percent rate of return?

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Financial Management: Cato brutus just announced that it will commence paying

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