# Mickelson Corporation will pay a dividend of \$3.14 per share next year. The company pledges to incre

Aug 3rd, 2016
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Mickelson Corporation will pay a dividend of \$3.14 per share next year. The company pledges to increase its dividend by 5 percent per year indefinitely. If you require a return of 12 percent on your investment, how much will you pay for the company’s stock today? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Stock price \$ Mickelson Corporation will pay a dividend of \$3.14 per share next year. The company pledges to increase its dividend by 5 percent per year indefinitely. If you require a return of 12 percent on your investment, how much will you pay for the company’s stock today? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Stock price \$

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Mickelson Corporation will pay a dividend of \$3.14 per share next year. The company pledges toincrease its dividend by 5 percent per year indefinitely. If you require a return of 12 percent onyour investment, how much will you pay for the companys stock today? (Do not roundintermediate calcula

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