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Posted on Oct 20, 2024

Hudson Corporation will pay a dividend of $2.20 per share next year. The company pledges to increase its dividend by 3.60 percent per year indefinitely.

If you require a return of 11.70 percent on your investment, how much will you pay for the company's stock today?

Multiple Choice

$26.07

$28.25

$27.16

$13.88

$26.22

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