Problemleslies unique clothing stores offers a common stock, Ask an Expert

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Problem:

Leslie's Unique Clothing Stores offers a common stock that pays an annual dividend of $1.70 a share. The company has promised to maintain a constant dividend. How much are you willing to pay for one share of this stock if you want to earn an 11.50 percent return on your equity investments?

Note: Please answer in proper manner and show all computations

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91173339

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