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A company has just made a dividend payment of $4.30 per share. The company anticipates that the dividend will increase by 6.4% annually. What is

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A company has just made a dividend payment of $4.30 per share. The company anticipates that the dividend will increase by 6.4% 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? $89.17 $86.68 \$84.19 $81.70 $79.21

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