The c alice stone companys common stock has paid a 3


The C. Alice Stone Company's common stock has paid a $3 dividend for so long that investors are now convinced that stock will continue to pay that annual dividend forever. If the next dividend is due in one year and investors require 8% return on the stock, what is its current market price? What will the price be immediately after the next dividend payment?

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Financial Management: The c alice stone companys common stock has paid a 3
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