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1. How much are you willing to pay for one share of Jumbo Trout stock if the company just paid a $0.70 annual dividend, the

1. How much are you willing to pay for one share of Jumbo Trout stock if the company just paid a $0.70 annual dividend, the dividends increase by 1.6 percent annually, and you require a 10 percent rate of return?

2. A stock pays a constant annual dividend and sells for $56.10 a share. If the market rate of return on this stock is 15.85 percent, what is the amount of the next annual dividend?

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