I need help with a math problem

label Mathematics
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The Doggy Wash pays a constant annual dividend of $1.30 per share (growth rate(g)=0). How much are you willing to pay for one share if you require a 12 percent rate of return?

Nov 18th, 2015

Thank you for the opportunity to help you with your question!

Price per share = 1.3/12%= $10.83

Please let me know if you need any clarification. I'm always happy to answer your questions.
Nov 18th, 2015

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Nov 18th, 2015
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