Traditionally pays an annual dividend

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Capello's Deli traditionally pays an annual dividend of $1.67 per share. The firm is projecting dividends of $1.83 and $2.14 over the next two years, respectively. After that, the company expects to pay a constant dividend of $2.53 a share. What is the maximum amount you are willing to pay for one share of this stock if your required return is 14.56 percent?

Reference no: EM131359113

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