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How much are you willing to pay for one share of stock if the company just paid an $.80 annual dividend, the dividends increase by

How much are you willing to pay for one share of stock if the company just paid an $.80 annual dividend, the dividends increase by 4% annually and you require an 8% rate of return? A. $19.23 B. $20.00 C. $20.40 D. $20.80 E. $21.63

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