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1 of 13 (2 complete) Homework: Chapter 7 Homework Score: 0 of 1 pt XP7-1 (similar to) Anderson Motors, Inc. has just set the company

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1 of 13 (2 complete) Homework: Chapter 7 Homework Score: 0 of 1 pt XP7-1 (similar to) Anderson Motors, Inc. has just set the company dividend policy at $0.60 per year. The company plans to be in business forever. What is the price of this stock if a. an investor wants a return of 5%? b. an investor wants a return of 8%? c. an investor wants a return of 10%? d. an investor wants a return of 12%? e. an investor wants a return of 18%? a. What is the stock price if an investor wants a return of 5%? $ (Round to the nearest cent.)

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