Phillips 66 announced that the next annual dividend will be, Ask an Expert

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Phillips 66 announced that the next annual dividend will be $1.75 a share, and that all dividends after that will decrease by 1.5 percent annually. What is the maximum amount anyone should pay to purchase a share of this stock today if one requires a 13 percent rate of return?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91797213

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