Wilmur Corporation has announced that it will pay its first annual stock dividend of $1.05 per share exactly two years from today. Analysts estimate that this dividend will grow by 1.5% per year in perpetuity and that the stock has a discount rate of 6%. What is the present value of a share of SETAB stock if you value it based on the discounted dividends investors expect to receive
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Wilmur Corporation has announced that it will pay its first annual stock dividend of $1.05 per share...
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