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Amethyst Company will pay an annual dividend of $2.5 next year. The company has increased its dividend by 4 percent a year for the past

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Amethyst Company will pay an annual dividend of $2.5 next year. The company has increased its dividend by 4 percent a year for the past twenty years and expects to continue doing so. What will a share of this stock be worth one year from now if the required return is 14 percent? $26.00 $28.12 $25.00 $27.04

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