Will pay a constant dividend of 297 each year for the next


will pay a constant dividend of $2.97 each year for the next 10 years. After that, the dividend will increase to $4.84 and hold steady for another 10 years. After that, you expect the dividend will start increasing every year at a constant rate of 2.3 percent per year, forever. Your discount rate for this stock is 11.4 percent. How much are you willing to pay for this stock today?

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Financial Management: Will pay a constant dividend of 297 each year for the next
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