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Dietterich Electronics wants its shareholders to earn a return of 12% on their investment in the company. At what price would the stock need to

Dietterich Electronics wants its shareholders to earn a return of

12%

on their investment in the company. At what price would the stock need to be priced today if Dietterich Electronics had a

a.

$0.40

constant annual dividend forever?

b.

$0.90

constant annual dividend forever?

c.

$1.70

constant annual dividend forever?

d.

$3.20

constant annual dividend forever?

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