What would you pay for the stock today

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Reference no: EM131997131

Question: McGonigal's Meats, Inc. currently pays no dividends. The firm plans to begin paying dividends in 3 years. The first dividend will be $1.50 and dividends will grow at 6% per year thereafter. Given a required return of 14%, what would you pay for the stock today? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131997131

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