Corn inc has an odd dividend policy how much will you pay, Financial Management

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Corn inc has an odd dividend policy how much will you pay

Corn Inc. has an odd dividend policy. The company has just paid a dividend of $6 per share and has announced that it will increase the dividend by $2 per share for each of the next four years, and then never pay another dividend. If the required return is 11 percent, how much will you pay for a share today? (Show your work)

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Financial Management: Corn inc has an odd dividend policy how much will you pay

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