Maloney, Inc., has an odd dividend policy. The company has just paid a dividend of $3.50...

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Maloney, Inc., has an odd dividend policy. The company has just paid a dividend of $3.50 per share and has announced that it

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Answer 1

Answer #1

YEAR Cash flow $8.00 $12.50 $17.00 $21.50 $26.00 pv @ 11% 0.9009 0.8116 0.7312 0.6587 0.5935 Share price discounted cash flow

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