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A Corporation will pay a dividend of $34.42 per share next year. The company pledges to increase its dividend by 1.25 percent per year, indefinitely.

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A Corporation will pay a dividend of $34.42 per share next year. The company pledges to increase its dividend by 1.25 percent per year, indefinitely. If you require a return of 12 percent on your investment, how much will you pay for the company's stock today? Select one: a $320.19 b.$380.12 c.$220.41 d.$69.75

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