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1.LUCKY Stores offers a common stock that pays an annual dividend of $2.00 a share.The company has promised to maintain a constant dividend.How much are

1.LUCKY Stores offers a common stock that pays an annual dividend of $2.00 a share.The company has promised to maintain a constant dividend.How much are you willing to pay for one share of this stock if you want to earn a 12% return on your equity investment?

a.$10.00

b.$13.33

c.$16.67

d.$18.88

e.$20.00

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