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12 How much are you willing to pay for one share of LBM stock if the company just paid a $1.23 annual dividend, the dividends

12 How much are you willing to pay for one share of LBM stock if the company just paid a $1.23 annual dividend, the dividends increase by 3.1 percent annually, and you require a return of 16 percent? Multiple Choice . $9.83 $9.59

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