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26. (a) Majestic Homes stock traditionally provides an 8 percent rate of return. The company just paid a $2 a year dividend which is expected

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26. (a) Majestic Homes stock traditionally provides an 8 percent rate of return. The company just paid a $2 a year dividend which is expected to increase by 5 percent per year. If you are planning on buying 1,000 shares of this stock next year, how much should you expect to pay per share if the market rate of return for this type of security is 9 percent at the time of your purchase

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