(Answered) Schiiller corp will pay a 294 per share dividend next year

Finance

Schiiller Corp will pay a $2.94 per share dividend next year, The company pledges to increase its dividend by 4.5 percent per year, indefinitely, If you require a return of 12 percent on your investment, how much will you pay for the company's stock today? ( Do not round intermediate calculations and round your answer to 2 decimal places.)

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