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How much pay for company stock today for harris dining corp

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Reference no: EM132595020

Question 1: Harris Dining Corporation will pay a $3.26 per share dividend next year. The company pledges to increase its dividend by 6.5 percent per year indefinitely. If you require a return of 15 percent on your investment, how much will you pay for the company's stock today?

Reference no: EM132595020

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