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Business, 07.10.2019 21:30 arivalen

Cuban corporation will pay a dividend of $2.66 per share next year. the company pledges to increase its dividend by 5 percent per year indefinitely. if you require a return of 10 percent on your investment, how much will you pay for the company’s stock today? (do not round intermediate calculations. round your answer to 2 decimal places, e. g., 32.16.)

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