Business, 28.10.2019 23:31, april861

You believe that the non-stick gum factory will pay a dividend of $2 on its common stock next year. thereafter, you expect dividends to grow at the rate of 6% a year in perpetuity. if you require a return of 12% on your investment, how much should you be prepared to pay for the stock?

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You believe that the non-stick gum factory will pay a dividend of $2 on its common stock next year....