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Jumbo Trout stock just paid a $0.71 annual dividend, the dividends increase by 1.6 percent annually, and you require a 10 percent rate of return.

Jumbo Trout stock just paid a $0.71 annual dividend, the dividends increase by 1.6 percent annually, and you require a 10 percent rate of return. How much would you be willing to pay for one share of Jumbo Trout stock?

$8.29

$8.36

$8.47

$8.53

$8.59

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