Business, 06.07.2021 22:10, andreanaapollon7593

Mother and Daughter Enterprises is a relatively new firm that appears to be on the road to great success. The company paid its first annual dividend yesterday in the amount of $.28 a share. The company plans to double each annual dividend payment for the next three years. After that time, it is planning on paying a constant $1.50 per share indefinitely. What is one share of this stock worth today if the market rate of return on similar securities is 11.5%

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Mother and Daughter Enterprises is a relatively new firm that appears to be on the road to great suc...