Mickelson corporation will pay a dividend of 274 per share, Financial Management

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Mickelson corporation will pay a dividend of 274 per share

Mickelson Corporation will pay a dividend of $2.74 per share next year. The company pledges to increase its dividend by 6 percent per year indefinitely. If you require a return of 12 percent on your investment, how much will you pay for the company’s stock today?

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Financial Management: Mickelson corporation will pay a dividend of 274 per share

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Financial Management: Mickelson corporation will pay a dividend of 274 per share

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