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Boots Roofing just paid its annual dividend of $.54 a share. The firm recently announced that all future dividends will be increased by 3.4 percent

Boots Roofing just paid its annual dividend of $.54 a share. The firm recently announced that all future dividends will be increased by 3.4 percent annually. What is one share of this stock worth to you if you require a 12.4 percent rate of return? Answer Tolerance: 0.055

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