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Case #4: White Wedding Corporation will pay a $3.05 per share dividend next year. The company pledges to increase its dividend by 5.25% per year,

Case #4:

White Wedding Corporation will pay a $3.05 per share dividend next year. The company pledges to increase its dividend by 5.25% per year, indefinitely. If you require an 11% return on your investment, how much will you pay for the companys stock today?

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