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How much are you willing to pay for one share of Govender stock if the company just paid an annual dividend of $1.61, the dividends

How much are you willing to pay for one share of Govender stock if the company just paid an annual dividend of $1.61, the dividends increase by 4.2 percent annually, and you require a return of 16.4 percent?

Multiple Choice

$9.82
$15.36
$13.75
$10.23
$13.20

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