How much are you willing to pay to purchase one share

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Reference no: EM131902081

DeSoto's, Inc. has announced that its next annual dividend has been set at $3.75 per share. The company also announced that future dividends will be increasing at a constant rate of 4.0 percent.

If you require an 11.5 percent rate of return, how much are you willing to pay to purchase one share of DeSoto's stock?

Reference no: EM131902081

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