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A company just paid an annual dividend of $0.95 per share. The company also announced a target future dividend growth rate of 2.6 % annually.

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A company just paid an annual dividend of $0.95 per share. The company also announced a target future dividend growth rate of 2.6 % annually. If you require a 13 % rate of return, how much are you willing to pay purchase one share of this stock today? $4.87 $7.31 $9.13 $9.37 $10.32

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