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A company has just made a dividend payment of $3.80 per share. The company anticipates that the dividend will increase by 5% annually. What is
A company has just made a dividend payment of $3.80 per share. The company anticipates that the dividend will increase by 5% annually. What is the maximum amount you should pay to purchase a share of the company's stock if your goal is to earn a 12% rate of return?
$55.50
$56.00
$56.50
$57.00
$57.50
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