Problemnofal corporation will pay a 365 per share dividend, Ask an Expert

Finance

Problem:

Nofal Corporation will pay a $3.65 per share dividend next year. The company pledges to increase its dividend by 5.1 percent per year, indefinitely.

Required:

Question: If you require a return of 12 percent on your investment, how much will you pay for the company's stock today?

Note: Provide support for your rationale.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91163171

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