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Hudson Corporation will pay a dividend of $5.50 per share next year. The company pledges to increase its dividend by 6.80 percent per year indefinitely

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Hudson Corporation will pay a dividend of $5.50 per share next year. The company pledges to increase its dividend by 6.80 percent per year indefinitely If you require a return of 14.80 percent on your investment, how much will you pay for the company's stock today? Multiple Choice $68.75 $6437 $66.00 $71.50 $23.84

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