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Given the following, calculate the current price of this stock: i) A stock just paid a quarterly dividend of 2.20. ii) The company has announced
Given the following, calculate the current price of this stock: i) A stock just paid a quarterly dividend of 2.20. ii) The company has announced that the next dividend will be 2.42, a 10% increase. iii) The company will continue to raise its dividend by 10% every four quarters forever. iv) The market demands a 13% annual return on this stock. A 256 B 302 C 338 D 340 E 376
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