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A company is expected to pay a dividend of $1.20 per share every year indefinitely. The current price of the stock is $18.90. If the

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A company is expected to pay a dividend of $1.20 per share every year indefinitely. The current price of the stock is $18.90. If the required return is 7.20%, what price would an investor be expected to pay for a single share in five years? $15.19 $16.67 $18.90 $17.29 $14.62

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