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Michael Inc. just paid $2.70 to a shareholders as the annual dividend simultaneously the company announce...

Michael Inc. just paid $2.70 to a shareholders as the annual dividend simultaneously the company announce that future dividends will be increasing by 5.8% if you require rate of return of 10% how much are you willing to pay today to purchase one share of the company stock

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Answer #1

Inswer page: 0) Given details just paid dividend (De) = 4 2.10/share dividend growth sate per year (9) = 51844 -0.058 let, ex

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