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Five Star Corporation will pay a dividend of $4.55 per share next year. The company pledges to increase its dividend by 6.5 percent per year,

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Five Star Corporation will pay a dividend of $4.55 per share next year. The company pledges to increase its dividend by 6.5 percent per year, indefinitely. If you require a return of 9 percent on your investment, how much will you pay for the company/s stoct. today? Note: Do not round intermediate cafcutations and round your answer to 2 decimal places, e.9., 32.16

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