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BTop, Inc. recently announced they will pay their first annual dividend next year in the amount of $0.75 a share. The dividend will increase by

BTop, Inc. recently announced they will pay their first annual dividend next year in the amount of $0.75 a share. The dividend will increase by 4 percent annually thereafter. How much are you willing to pay for one share of this stock if you require a 10 percent rate of return? $12.50 $13.83 $21.58 $22.91

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