What is the most you would pay per share

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Reference no: EM13850075

The dividend for Should I, Inc., is currently $1.30 per share. It is expected to grow at 16 percent next year and then decline linearly to a 4 percent perpetual rate beginning in four years. If you require a 14 percent return on the stock, what is the most you would pay per share? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Price per share $

Reference no: EM13850075

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