Business, 15.04.2020 05:13, angie249

Michael's, Inc., just paid $1.90 to its shareholders as the annual dividend. Simultaneously, the company announced that future dividends will be increasing by 4.2 percent. If you require a rate of return of 8.5 percent, how much are you willing to pay today to purchase one share of the company's stock?

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Michael's, Inc., just paid $1.90 to its shareholders as the annual dividend. Simultaneously, the com...