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KQuestion 5 (of 8 value: 10.00 points Hot Wings, Inc., has an odd dividend policy....

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KQuestion 5 (of 8 value: 10.00 points Hot Wings, Inc., has an odd dividend policy. The company has just paid a dividend of $4 per share and has ced that it will increase the dividend by $5 per share for each of the next four years, and then never announ pay another dividend Required: not round intermediate calculations. Round your answer to 2 decimal places (e-g.,32.16),) Current share price If you require a return of 12 percent on the company's stock, how much will you pay for a share today? (Do References eBook & Resources Worksheet Difficuity Intermediate dividend growth

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