Staal Corporation will pay a $2.54 per share dividend next year. The company pledges to increase its dividend by 3.5...
Staal
Corporation will pay a $2.54 per share dividend next year. The company
pledges to increase its dividend by 3.5 percent per year indefinitely.
If you require a return of 11 percent on your investment, how much will
you pay for the company’s stock today?

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