Perpetual rate-what is the most you would pay per share

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The dividend for Should I, Inc., is currently $1.50 per share. It is expected to grow at 16 percent next year and then decline linearly to a 4 percent perpetual rate beginning in four years. If you require a 12 percent return on the stock, what is the most you would pay per share?

Reference no: EM13917231

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