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  3. caan corporation will pay a quarterly dividend of

Caan Corporation will pay a quarterly dividend of $2.50 per share next quarter. The company...

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Finance

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Caan Corporation will pay a quarterly dividend of $2.50 per share next quarter. The company pledges to increase its dividend by 2.00 percent per quarter indefinitely. If you require a return of 24.80 percent annually with quarterly compounding, how much will you pay for the company's stock today? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Stock price

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