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How much are you willing to pay today for one share of stock if the company just paid a $1.20 annual dividend, the dividends increase

How much are you willing to pay today for one share of stock if the company just paid a $1.20 annual dividend, the dividends increase by 3% annually, and you require a 13% rate of return? $17.50 O $18.20 O $8.75 $12.36 $9.10

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