A company paid a dividend yesterday in the amount of $.28 a share. The company plans to double each annual dividend payment for the next three years. After that time, it plans to pay a constant $2.25 per share indefinitely. What is one share worth today if the market rate of return on similar securities is 11.5%?
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here