Business, 13.12.2019 00:31, Scotty78

Galloway, inc. has an odd dividend policy. the company just paid a dividend of $6 per share and has announced that it will increase the dividend by $1 per share for each of the next 4 years, and then never pay another dividend. how much are you willing to pay per share today to buy this stock if you require a 10 percent return?

a. $27.08
b. $24.15
c. $26.57
d. $32.60
e. $33.33

Answers: 3

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Galloway, inc. has an odd dividend policy. the company just paid a dividend of $6 per share and has...