Wilberts clothing stores just paid a 125 annual dividend, Ask an Expert

Finance

Wilbert's Clothing Stores just paid a $1.25 annual dividend. The company has a policy whereby the dividend increases by 2% annually.

You would like to purchase 100 shares of stock in this firm but realize that you will not have the funds to do so for another three years.

If you desire a 12% rate of return, how much should you expect to pay for 100 shares when you can afford to buy this stock? Ignore trading costs.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92751489

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