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The Miller Milk Company has just come up with a new lactose - free dessert product for peo

The Miller Milk Company has just come up with a new lactose - free dessert product for peo

The Miller Milk Company has just come up with a new lactose - free dessert product for people who can't eat or drink ordinary dairy products. Management expects the new product to fuel sales growth at 31% for about two years. After that competitors will copy the idea and produce similar products, and growth will return to about 2%, which is normal for the dairy industry in the area. Miller recently paid an annual dividend of $2.50, which will grow with the company. The return on stocks similar to Miller's is typically around 10%. What is the most you would pay for a share of Miller Round PVF values in intermediate calculations to four decimal places. Round the answer to two decimal places. $ Fox Woodworking Inc. issued preferred shares at a face value of $52 to yield 9% 10 years ago. The shares are currently selling at $62. What return are they earning for investors who buy them today Round the answer to two decimal places. %

 

Abhinav 01-Dec-2019

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