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Titleist Golf Company plans to pay a $50 dividend next year and they plan to...

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Finance

  1. Titleist Golf Company plans to pay a $50 dividend next year and they plan to increase the dividend 2.5% per year forever. The stock is currently priced at $22.00 per share. What is the required return by the investors?

Can you show the formula and the steps for this problem, thank you!

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