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Hudson Corporation will pay a dividend of $2.30 per share next year. The company pledges to increase its dividend by 4.20 percent per year indefinitely.

image text in transcribed Hudson Corporation will pay a dividend of $2.30 per share next year. The company pledges to increase its dividend by 4.20 percent per year indefinitely. If you require a return of 12.00 percent on your investment, how much will you pay for the company's stock today? Multiple Choice $30.67 $28.31 $29.49 $28.30 $13.63

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