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A company paid $111 per share in dividend this year, the company expects to grow at the rate of 7% per year in the foreseeable

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A company paid $111 per share in dividend this year, the company expects to grow at the rate of 7% per year in the foreseeable future. the shareholders though expect a return of 13.5% every year from investing in the company. What price should they offer for a share of the stock $2700 $2000 $2300 $1700

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