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Ziggs Corporation will pay $3.85 per share dividen...

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Ziggs Corporation will pay $3.85 per share dividend next year. The company pledges to increase its dividend by 4.75 percent per year, indefinitely. If you require a 12 percent return on your investment, how much will you pay for the company's stock today? The stock price of Jenkins co. is $53. Investors require as 12 percent rate of return on similar stocks. If the company plans to pay a dividend of $3.15 next year, what growth rate is expected for the company?s stock price?

 

Paper#13596 | Written in 18-Jul-2015

Price : $25
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