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Assume the XY Company is paying a quarterly dividend of $0.60 and has decided to pay the same amount forever. If Ali wants to eam

Assume the XY Company is paying a quarterly dividend of $0.60 and has decided to pay the same amount forever. If Ali wants to eam an annual rate of retum of 11% on this investment, how much should he offer to buy the stock ate 28 28.89$

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