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Classic Pickles just paid a $3.20 per share dividend, but management expects to reduce the payout by 3 percent per year, indefinitely. If you require

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Classic Pickles just paid a $3.20 per share dividend, but management expects to reduce the payout by 3 percent per year, indefinitely. If you require a 7 percent return on this stock, what is the most you should pay for a share today? Your Answer: Answer units

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