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Business, 03.11.2020 16:50 yavalos81

NU YU announced today that it will begin paying annual dividends. The first dividend will be paid next year in the amount of $.41 a share. The following dividends will be $.46, $.61, and $.91 a share annually for the following three years, respectively. After that, dividends are projected to increase by 3 percent per year. How much are you willing to pay today to buy one share of this stock if your desired rate of return is 11 percent

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