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15.How much are you willing to pay today for one share of stock if the company just paid a $1.40 annual dividend, the dividends increase

15.How much are you willing to pay today for one share of stock if the company just paid a $1.40 annual dividend, the dividends increase by 4% annually, and you require a 12% rate of return?. Single choice.

(5 Points)

$8.75

$9.10

$16.83

$17.50

$18.20

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