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Take time corporation will pay a dividend - if you require

Take time corporation will pay a dividend of $3.65 per share next year.

The company pledges to increase it's dividend by 5.1 percent per year, indefinitely. If you require a return of 11 percent on your investments, how much will you pay for the company's stock today?

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Managerial Accounting: Take time corporation will pay a dividend - if you require

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