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Hudson Corporation will pay a dividend of $4.60 per share next year. The company pledges to increase its dividend by 5.60 percent per year indefinitely.

image text in transcribed Hudson Corporation will pay a dividend of $4.60 per share next year. The company pledges to increase its dividend by 5.60 percent per year indefinitely. If you require a return of 11.90 percent on your investment, how much will you pay for the company's stock today? Multiple Choice $69.14 $75.94 $73.02 $70.10 $24.89

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