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Bellingham Corp. is planning to pay $.80 annual dividend next year. If the dividend will increase by 5 percent annually and you require an 7
Bellingham Corp. is planning to pay $.80 annual dividend next year. If the dividend will increase by 5 percent annually and you require an 7 percent rate of return, how much are you willing to pay for one share of stock?
$44.00
$42.00
$41.80
$40.00
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