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Maris Motors Co

Question 75

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Maris Motors Co.pays a $2.15 dividend every quarter for its perpetual stock.If you expect an annual return of 8.75% on your investment,compute the stock price that you would be willing to pay,using quarterly data.Now compute the value using annual data.Explain your two answers.What would you be willing to pay for 100 preferred shares?

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When computing a perpetuity,we have to m...

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