If you require a 12 percent return on your investment how, Financial Management

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If you require a 12 percent return on your investment how

Stock Values

Calphony Corporation will pay a $4.00 per share dividend next year. The company pledges to increase its dividend by 5.00 percent per year, indefinitely. If you require a 12 percent return on your investment, how much will you pay for the company's stock today?

Current stock price: $ ____________.

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Financial Management: If you require a 12 percent return on your investment how

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