The company will then close its doors if investors require


Asonia Co. will pay a dividend of $3.60, $7.70, $10.55, and $12.30 per share for each of the next four years, respectively. The company will then close its doors. If investors require a return of 9.5 percent on the company's stock, what is the stock price?

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Financial Management: The company will then close its doors if investors require
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