How much will you pay for the company stock today

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Reference no: EM13281657

Ziggs corporation will pay a $4.60 per share dividend next year. the company pledges to increase its dividend by 6.75 percent per year, indefinitely if you require a 11 percent return on your investment, how much will you pay for the company's stock today? (do not include the dollar sign ($). round your answer to 2 decimal places (e.g., 32.16).)

Reference no: EM13281657

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