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Coffee Co. just announced that it will commence paying annual dividends. It plans to pay $1.75 a year for four years, $1.25 a year for

Coffee Co. just announced that it will commence paying annual dividends. It plans to pay $1.75 a year for four years, $1.25 a year for the following three years, and then cease paying dividends altogether. How much is one share of this stock worth to you today if you require a 7 percent rate of return? $6.32 $5.15 $8.43 $7.67

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