Business, 19.11.2019 00:31 hardwick744

Michelak's maritime industries has relatively stable earnings and pays an annual dividend of $1.50 per share. this dividend has remained constant over the past few years and is expected to remain constant for some time to come. using the dividend valuation model for a perpetuity, if you want to earn 8% on an investment in the common stock of michelak's, how much should you pay to purchase a share of stock?

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