Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
QUESTION
Bread, Inc., has an odd dividend policy.
Bread, Inc., has an odd dividend policy. The company has just paid a dividend of $9 per share and has announced that it will increase the dividend by $4 per share for each of the next 7 years, and then never pay another dividend. If you require an 11 percent return on the company's stock, you will pay $___?___ for a share today.
