Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Industrial Industries paid an annual dividend of $1.55 per share last month. Today,
the company announced that future dividends will be increasing by 3.40 percent
annually. If you require a 8.7 percent rate of return, how much are you willing to pay
to purchase one share of this stock today?
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Transcribed Image Text:Industrial Industries paid an annual dividend of $1.55 per share last month. Today, the company announced that future dividends will be increasing by 3.40 percent annually. If you require a 8.7 percent rate of return, how much are you willing to pay to purchase one share of this stock today?
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