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Business, 12.03.2020 21:35 settasav9641

Maurer, Inc., has an odd dividend policy. The company has just paid a dividend of $2.75 per share and has announced that it will increase the dividend by $4.50 per share for each of the next five years and then never pay another dividend. If you require a return of 11 percent on the company’s stock, how much will you pay for a share today? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)

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Maurer, Inc., has an odd dividend policy. The company has just paid a dividend of $2.75 per share an...
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