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PLEASE PUT EXCEL FORMULAS IN WHEN CALCULATING YOUR ANSWERS: Maloney, Inc., has an...

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Finance

PLEASE PUT EXCEL FORMULAS IN WHEN CALCULATING YOUR ANSWERS:

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Maloney, Inc., has an odd dividend policy. The company has just paid a dividend of $3.50 per share and has announced that it will increase the dividend by $4.50 per share for each of the next five years, and then never pay another dividend. If you require a return of 11 percent on the company's stock, how much will you pay for a share today? Current dividend 3.50 Dividend growth rate $ 4.50 11% Required return Complete the following analysis. Do not hard code valuess in your calculations. EA A Dividend Year 1 2 3 4 5 Share price

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