How much will you pay for the company stock today

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Question: Schiller Corporation will pay a $2.90 per share dividend next year. The company pledges to increase its dividend by 4 percent per year, indefinitely. If you require a return of 11 percent on your investment, how much will you pay for the company's stock today? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132078705

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