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Albright Motors paid an annual dividend of $1.50 a share last month. Today, the company announced that future dividends will be increasing by 4 percent
Albright Motors paid an annual dividend of $1.50 a share last month. Today, the company announced that future dividends will be increasing by 4 percent annually. If you require a return of 15 percent, how much are you willing to pay to purchase one share of this stock today?
A. $14.18
B. $16.72
C. $16.15
D. $14.94
E. $15.36
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