How much will you pay for a share today

Reference no: EM131962660

Question: Corn, Inc., has an odd dividend policy. the company has just paid a dividend of $9 per share and has announced that it will increase the dividend by $3 per share for each of the next four years, and then never pay another dividend. If you require an 11% return on the company's stock, how much will you pay for a share today?

Reference no: EM131962660

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