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15 Hudson Corporation will pay a dividend of $2.30 per share next year. The company pledges to increase its dividend by 7.30 percent per year

15

Hudson Corporation will pay a dividend of $2.30 per share next year. The company pledges to increase its dividend by 7.30 percent per year indefinitely.

If you require a return of 14.00 percent on your investment, how much will you pay for the company's stock today?

Multiple Choice

$34.33

$35.70

$32.96

$10.06

$31.99

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