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A company just paid an annual dividend of $ 1 . 5 5 , the dividends are expected to increase by 4 . 0 percent

A company just paid an annual dividend of $1.55, the dividends are expected to increase by 4.0 percent annually, and you require a return of 12.0 percent. How much are you willing to pay for one share of this company's stock?
Multiple Choice
$20.15
$16.73
$19.38
$22.62
$13.75
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