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Anderson Motors, Inc. has just set the company dividend policy at $0.35 per year. The company plans to be in business forever. What is the
Anderson Motors, Inc. has just set the company dividend policy at $0.35 per year. The company plans to be in business forever. What is the price of this stock if a. an investor wants a return of 3%? b. an investor wants a return of 7%? c. an investor wants a return of 10%? d. an investor wants a return of 16%? e. an investor wants a return of 17%? a. What is the stock price if an investor wants a return of 3%? (Round to the nearest cent.)
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