Solution-Pay for the company stock today

Pay for the company stock today

Reference no: EM131086433

Schiller Corporation will pay a $2.86 per share dividend next year. The company pledges to increase its dividend by 3.5 percent per year, indefinitely. If you require a return of 10 percent on your investment, how much will you pay for the company's stock today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Reference no: EM131086433

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Pay for the company stock today

Reference no: EM131086433

Reference no: EM131086433

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