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Fix it corp. is going to pay .50, .80. and 1.20 a share over the next three years, respectively. After that, the company has stated
Fix it corp. is going to pay .50, .80. and 1.20 a share over the next three years, respectively. After that, the company has stated that the annual dividend will be $1.40 per share indefinitely. What is the stock woreth to you per share if you demand a 11.4 percent rate of return on stocks of this type?
a) $10.15
b) $12.28
c) $6.53
d) 9.75
e) 10.84
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