How much will you pay for the company stock today

Reference no: EM13269643

Nofal Corporation will pay a $3.95 per share dividend next year. The company pledges to increase its dividend by 5.25 percent per year, indefinitely.

If you require a return of 9 percent on your investment, how much will you pay for the company's stock today?

Reference no: EM13269643

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How much will you pay for the company stock today : If you require a return of 9 percent on your investment, how much will you pay for the company's stock today?

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