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Hudson Corporation will pay a dividend of $5.40 per share next year. The company pledges to increase its dividend by 3.00 percent per year

Hudson Corporation will pay a dividend of $5.40 per share next year. The company pledges to increase its dividend by 3.00 percent per year indefinitely. If you require a return of 7.20 percent on your investment, how much will you pay for the company's stock today?

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