Holden corp has an odd dividend policy how much will you, Financial Management

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Holden corp has an odd dividend policy how much will you

Holden Corp. has an odd dividend policy. The company has just paid a dividend of $7 per share and has announced that it will increase the dividend by $2 per share for each of the next 5 years, and then never pay another dividend. If you require a 13 percent return on the company's stock, how much will you pay for a share today?

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