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Auto Deliveries just paid an annual dividend of $3.06 per share. Dividends are expected to increase by 3.75 percent annually. What is one share of

Auto Deliveries just paid an annual dividend of $3.06 per share. Dividends are expected to increase by 3.75 percent annually.

What is one share of this stock worth to you today if your required rate of return is 16.8 percent?

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