Business, 16.11.2020 17:30 desdes1499

Bon Chance, Inc., has an odd dividend policy. The company has just paid a dividend of $9.50 per share and has announced that it will increase the dividend by $7.50 per share for each of the next four years, and then never pay another dividend. Required:If you require a return of 15 percent on the companyâs stock, how much will you pay for a share today? (Do not round intermediate calculations. Round your answer to 2 decimal places (e. g., 32.16).)

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Bon Chance, Inc., has an odd dividend policy. The company has just paid a dividend of $9.50 per shar...

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