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. CBC Inc. paid an annual dividend of $1.5 per share last week. Today, the company announced that future dividends will be increasing by 2.6%

. CBC Inc. paid an annual dividend of $1.5 per share last week. Today, the company announced that future dividends will be increasing by 2.6% annually. If you require a 12% rate of return, how much are you willing to pay for one of CBC stock today?

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