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A Corporation will pay a dividend of $7.86 per share next year. The company pledges to increase its dividend by 2.2 percent per year, indefinitely.

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A Corporation will pay a dividend of $7.86 per share next year. The company pledges to increase its dividend by 2.2 percent per year, indefinitely. If you require a return of 6 percent on your investment, how much will you pay for the company's stock today? Select one: a. $121.78 b.$298.68 O C.$206.84 d.$150.62

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