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Caan Corporation will pay a $5.13 per share dividend next year. The company pledges to increase its dividend by 3.40 percent per year indefinitely. If

Caan Corporation will pay a $5.13 per share dividend next year. The company pledges to increase its dividend by 3.40 percent per year indefinitely. If you require a return of 12.86 percent on your investment, how much will you pay for the companys stock today?

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