Next annual dividend, Zellar’s, Inc. has announced that

Next annual dividend

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Reference no: EM131333773

Zellar’s, Inc. has announced that that their next annual dividend has been set at $3.50 per share. Also, the company announced that all future dividends will increase by 5.5 percent annually. What is the maximum amount you should pay to purchase a share of Zellar’s stock if your goal is to earn a 14 percent rate of return?

Reference no: EM131333773

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