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Healthy Foods just paid its annual dividend of $ 3 . 7 5 a share. The firm recently announced that all future dividends will be

Healthy Foods just paid its annual dividend of $3.75 a share.
The firm recently announced that all future dividends will be
increased by 3.4 percent annually. What is one share of this stock
worth to you if you require a rate of return of 12.6 percent? Round
your answer to 2 decimal places. For example, write 38.32.

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