Mathematics, 05.11.2019 00:31 n987

Dt motors paid its first annual dividend yesterday in the amount of $.15 a share. the company plans to double the dividend in each of the next 3 years. starting in year 4, the firm plans to pay $1.50 a share indefinitely. what is one share of this stock worth today if the market rate of return on similar securities is 11 percent?

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Dt motors paid its first annual dividend yesterday in the amount of $.15 a share. the company plans...