Hot Wings, Inc., has an odd dividend policy. The company has just paid a dividend of $11.25 per share and has announced that it will increase the dividend by $9.25 per share for each of the next four years, and then never pay another dividend.
Required:
If you require a 13 percent return on the company’s stock, how much will you pay for a share today
3 answers
uhjoi
77.49
Ans-98.06
1 answer