1. A company will pay its first dividend 8 years from now, at which point...
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Finance
1. A company will pay its first dividend 8 years from now, at which point it will pay annual dividends of $2.17 per share forever. If investors require a 6 percent return, what is the current stock price? Answer to the nearest cent and do not include the $ sign. For example, if the price is $100.25, you should enter 100.25 as the answer.
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