I need help with a math problem

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Mathematics

Description

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?

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Explanation & Answer

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Price per share = 1.3/12%= $10.83

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Anonymous
Just what I was looking for! Super helpful.

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