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Blasco just paid an annual dividend of (i.e., D0 =) $1.24 a share. What is one share of this stock worth to you if the

Blasco just paid an annual dividend of (i.e., D0 =) $1.24 a share. What is one share of this stock worth to you if the dividends increase by 2% annually and your required rate of return is 12%?

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