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Business, 24.03.2020 21:36 mme58

Hot Wings, Inc., has an odd dividend policy. The company has just paid a dividend of $5.85 per share and has announced that it will increase the dividend by $10.75 per share for each of the next four years, and then never pay another dividend. If you require a return of 12 percent on the company’s stock, how much will you pay for a share today? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) Current share price $

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Hot Wings, Inc., has an odd dividend policy. The company has just paid a dividend of $5.85 per share...
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