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How much will you pay for a share today

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Question - Corn Ltd. has an odd dividend policy. The company has just paid a dividend of $7 per share and has announced that it will increase the dividend by $2 each year for the next five years, and then dividends will increase with a growth rate of 2.5%. If you require 10% return on the company's stock, how much will you pay for a share today?

Reference no: EM133008050

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