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Biscuit Belly recently paid an annual dividend of $1.85. The company has announced that future dividends will be increasing by 2.2 percent annually. How much

Biscuit Belly recently paid an annual dividend of $1.85. The company has announced that future dividends will be increasing by 2.2 percent annually. How much are you willing to pay for one share of this stock if you require a 12 percent return?

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