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3 M Company s next expected dividend is $ 6 per share. You expect the company to experience growth of 4 % annually for the

3

M Company

s next expected dividend is $

6

per share. You expect the company to experience growth of

4 %

annually for the foreseeable future. If you have a required return of

10 %

for

3

,

what is the most you would pay for the stock today?

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