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Attempts: Average / 1 2. Problem 11-02 eBook Problem 11-02 Last year Artworks, Inc. paid a dividend of $3.80. You anticipate that the company's growth

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Attempts: Average / 1 2. Problem 11-02 eBook Problem 11-02 Last year Artworks, Inc. paid a dividend of $3.80. You anticipate that the company's growth rate is 3 percent and have a required rate of return of 9 percent for this type of equity Investment. What is the maximum price you would be willing to pay for the stock? Round your answer to the nearest cent

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