Hudson Corporation will pay a dividend of $3.80 per share next year. The company pledges to increase its dividend by 5.10 percent per year indefinitely. If you require a return of 8.80 percent on your investment, how much will you pay for the company's stock today?

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Tleach2003idn Tleach2003idn

02-06-2024
Business

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Hudson Corporation will pay a dividend of $3.80 per share next year. The company pledges to increase its dividend by 5.10 percent per year indefinitely. If you require a return of 8.80 percent on your investment, how much will you pay for the company's stock today?

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