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Boots Roofing just paid its annual dividend of $ . 9 0 a share. The firm recently announced that all future dividends will be increased

Boots Roofing just paid its annual dividend of $

. 90

a share. The firm recently announced that all future dividends will be increased by

3.5 %

annually. What is one share of this stock worth to you if you require a

12 %

rate of return?

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