The company pledges to increase its dividend by 35 percent


Schiller Corporation will pay a $2.86 per share dividend next year. The company pledges to increase its dividend by 3.5 percent per year, indefinitely. If you require a return of 10 percent on your investment, how much will you pay for the company's stock today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Solution Preview :

Prepared by a verified Expert
Finance Basics: The company pledges to increase its dividend by 35 percent
Reference No:- TGS01464495

Now Priced at $20 (50% Discount)

Recommended (93%)

Rated (4.5/5)