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Constant Growth 2. Janice wants to buy some common shares in ABC Company, the stock paid an annual dividend of $1.50 per share last year

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Constant Growth 2. Janice wants to buy some common shares in ABC Company, the stock paid an annual dividend of $1.50 per share last year and the company has committed to a 2.0% increase to the annual dividend in perpetuity. If Janice needs to receive no less than 11.0% in return for the risk associated with the investment, what is the maximum amount that she should pay for 2000 shares in ABC Company

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