Pay today to purchase one share of catfish stock

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Reference no: EM131497273

Catfish, Inc. just paid $1.41 to its shareholders as the annual dividend. Simultaneously, the company announced that future dividends will be increasing by 4.89 percent. If you require a rate of return of 7.88 percent, how much are you willing to pay today to purchase one share of Catfish stock?

Reference no: EM131497273

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