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ABC Corp. announced that its next annual dividend will be $1.70 a share and all future dividends will increase by 2.5 percent annually. What is
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ABC Corp. announced that its next annual dividend will be $1.70 a share and all future dividends will increase by 2.5 percent annually. What is the maximum amount you should pay to purchase a share of this stock if you require a rate of return of 12 percent?
$15.46
$16.94
$17.37
$17.89
$13.75
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