Business, 30.10.2019 22:31, krojas015

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 a rate of 4% a year in perpetuity. if you require a return of 16% 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....