Pledges to increase its dividend

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Use BAII Plus Calculator and show calculator entry for the following: Mickelson Corporation will pay a $2.65 per share dividend next year. The Company pledges to increase its dividend by 4.75 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?

Reference no: EM131020898

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