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ANCE (SPRING 2021) The Most Spectacular Martian Asteroid Mining Collective has for many years paid a quarterly dividend of $2.94 per share, and they did
ANCE (SPRING 2021) The Most Spectacular Martian Asteroid Mining Collective has for many years paid a quarterly dividend of $2.94 per share, and they did so in their last quarter as well. Today, the company has announced that all future dividends will increase by 2.82% percent quarterly. If an investor requires a 15.729 percent annual rate of return, how much should that investor be willing to pay to purchase one share of this stock today? (Round intermediate steps to 4 digits.) Select one: O a. $ 277.40 b. $ 268.01 Oc. $ 275.59 d. $ 272.33 Oe. $ 265.55
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