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5) Hoover Enterprises stock trades for $53.00 per share. It is expected to pay a $2.60 dividend at year end (D 1 = $2.60), and

5) Hoover Enterprises stock trades for $53.00 per share. It is expected to pay a $2.60 dividend at year end (D 1 = $2.60), and the dividend is expected to grow at a constant rate of 5.00% a year. Th...

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