Petersquos inc recently paid 400 to their shareholders as, Financial Management

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Petersquos inc recently paid 400 to their shareholders as

Pete’s, Inc. recently paid $4.00 to their shareholders as the annual dividend. The company also announced that future dividends will be increasing at a constant rate of 4.5 percent. If you require a 12.5 percent rate of return, how much are you willing to pay to purchase one share of Pete’s stock?

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