In the last three years merry theaters paid annual


In the last three years, Merry Theaters paid annual dividends of $0.32, $0.42, and $0.50 a share respectively. The company now predicts that it will keep the same dividend for the foreseeable future given that business has leveled off. Given the lack of future growth, you will only buy this stock if you can earn at least a 25% rate of return. What is the maximum amount you should willing to pay for one share of this stock today?

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Financial Management: In the last three years merry theaters paid annual
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