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Business, 17.03.2020 05:26 willcoop6470
Hudson Corporation will pay a dividend of $2.82 per share next year. The company pledges to increase its dividend by 3 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.)
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