Sams boats has paid annual dividends of 200 245 and 290 a, Ask an Expert

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Sam's boats has paid annual dividends of $2.00, $2.45, and $2.90 a share over the past three years, respectively. The company now predicts that it will maintain a constant dividend since its business has leveled off and sales are expected to remain relatively constant. Given the lack of future growth, you will only buy this stock if you can earn at least a 10% rate of return. What is the maximum amount you are willing to pay to buy one share today? Please show your work.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92764844

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