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A company made two announcements concerning its common stock today. First, the company announced that its next annual dividend has been set at $4.50 a
A company made two announcements concerning its common stock today. First, the company announced that its next annual dividend has been set at $4.50 a share. Secondly, the company announced that all future dividends 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 16.5% rate of return? $40.05 $38.28 $39.61 $38.76 $39.13
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