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HOZ Inc., has just paid a dividend of $4.72 per share and has an ounced that it will increase the dividend by $3.2 per share

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HOZ Inc., has just paid a dividend of $4.72 per share and has an ounced that it will increase the dividend by $3.2 per share for each of the next four years, and then never pay another dividend. If you require a return of 10.42 percent on the company's stock, how much will you pay for a share today? Answer to two decimals

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