Business, 16.04.2020 01:53 wdgyvwyv8840

The common stock of Water Town Mills pays an annual dividend of $1.84 a share. The company has promised to maintain a constant dividend even though economic times are tough. How much are you willing to pay for one share of this stock if you want to earn a 13.6 percent annual return?

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The common stock of Water Town Mills pays an annual dividend of $1.84 a share. The company has promi...