What is maximum amount should pay to purchase a share

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Question - A company made two announcements concerning its common stock today. First, the company announced that the next annual dividend will be $1.75 a share. Secondly, all dividends after that will DECREASE by 1.5 percent annually. What is the maximum amount you should pay to purchase a share of this stock today if you require 14 percent rate of return?

Reference no: EM132745332

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