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3. Ziggs Corporation will pay a $4.00 per share dividend next year. The company pledges to increase its dividend by 5.50 percent per year, indefinitely.

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3. Ziggs Corporation will pay a $4.00 per share dividend next year. The company pledges to increase its dividend by 5.50 percent per year, indefinitely. If you require a 9 percent return on your investment, how much will you pay for the company's stock today

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