Odd dividend policy, Hot Wings, Inc., has an odd dividend

Odd dividend policy

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Hot Wings, Inc., has an odd dividend policy. The company has just paid a dividend of $8.50 per share and has announced that it will increase the dividend by $6.50 per share for each of the next four years, and then never pay another dividend. Required: If you require a 14 percent return on the company’s stock, how much will you pay for a share today? $50.09 $99.00 $62.13 $69.03 $73.00

Reference no: EM13923884

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