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Galaxy Corporation will pay $3.85 per share dividend next year. The company pledges to increase its dividend by 4.75 percent per year, indefinitely. If you

Galaxy Corporation will pay $3.85 per share dividend next year. The company pledges to increase its dividend by 4.75 percent per year, indefinitely. If you require a 12 percent return on your investment, how much will you pay for the company's stock today

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